The decisions are comparatively simple, the possibilities...

The decisions are comparatively simple, the possibilities for learning and imitation are unusually large, the compensation for coaches who make the decisions is extremely high, and the market for their services is intensely competitive. Despite these forces, the standard assumption that agents maximize simple objective functions fails to lead to reasonably accurate descriptions of behavior.

David Romer Quote About Accurate, Agents, Assumption, Coaches, Decisions: The Decisions Are Comparatively Simple...

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