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>humans as super rational utility maximisers

Is not an economic model, it is a straw-man of the economic "model" which states that en masse and over time humans behave rationally where their interests are involved. (I put model above in quotes because even that is really only an aspect of how economics models human behavior.)

As many "critics" of economics have pointed out, and as Surowiecki reported in The Wisdom of Crowds, the mass often make better decisions than an individual because, among other reasons, their errors tend to cancel out.




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