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Author Question: Why are math and graphics used in economic models?[br][br][b][color=#A83E49]Question ... (Read 39 times)

JGIBBSON

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on: Jun 30, 2018
Why are math and graphics used in economic models?

Question 2

According to neuroeconomists, our logical brain knows we should spend as much as possible when we have money.
 a. True
  b. False
  Indicate whether the statement is true or false


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Kaytorgator

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Math and graphics used in economic models help us better understand the logic of rational choice, and they can often help us to avoid some mistakes of purely verbal reasoning. They can also suggest hypotheses to test against the data.

Answer to Question 2

False


JGIBBSON

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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