To make sense of real world problems, economics has one key assumption in mind. People are rational. Economists use this assumption to make predictions on real world problems with the best case scenario in mind.Think about it. Why would you settle for less. Personally, I wouldn't. and many others wouldn't as well.Predictions are made with that process in mind. Now imagine you are working an office job. This is you stressed and upset at a job you just can't stand.Economics would tell you to leave and pick a ...

Think in probabilitiesMath Files (@Math_files):Bayes’ theorem is probably the single most important thing any rational person can learn.So many of our debates and disagreements that we shout about are because we don’t understand Bayes’ theorem or how human rationality often works.Bayes’ theorem is named after the https://t.co/FGj0Q7d9mb ...

The ultimate recipe during these times is to remain patient and to avoid emotional decision-making.It never helped me to let my emotions take decisions during times like these on #Altcoins.Stay rational, zoom out, have patience and you'll be all right.The cycle isn't over. ...

The time to act rationally is when you want to react emotionally. ...