Comment on "No matter what price we choose, we always make the same revenue"parentComments−chimeracoder14y"All models are wrong, but some models are useful".Even though the axioms (assumptions) for rational choice are rarely met completely in practice, understanding their implications were they to be met is still highly useful.
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"All models are wrong, but some models are useful".
Even though the axioms (assumptions) for rational choice are rarely met completely in practice, understanding their implications were they to be met is still highly useful.