Economics

The rationality of adaptive decision-making and the feasibility of optimal growth planning

S. Sakaki

This intriguing paper by Shungo Sakaki delves into the world of adaptive decision-making in household consumption and saving strategies. It confronts the traditional ideas of rational economic choices, presenting a comparison between optimal growth models and innovative adaptive approaches. Discover how these adaptive pathways not only match but may exceed conventional expectations in terms of social welfare.... show more

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