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Behavioral Economics: Rethinking the Rational Market Paradigm
Author: Dr. Nadia El-Mansour Affiliation: Independent Researcher Abstract For most of the twentieth century, economic theory was built on the assumption that individuals behave rationally and that markets function as efficient mechanisms for allocating resources. At the core of this paradigm lies the notion that investors optimize utility, process information accurately, and collectively drive markets toward equilibrium. However, mounting evidence from psychology, sociolo
Dec 1, 20259 min read
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