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Economic fallacies

Economic fallacies: Managerial Economics
Economic fallacies: Managerial Economics

While managerial economics appears to be very rational, economist quite often suffer from different fallacies. The short run fallacy leads to decisions that are not optimal on the long term. linear thinking fallacies don't take into account side effects and feedback loops. Maximizing fallacies undermine that a satisfying solution might work just well, and the correlation versus causality fallacy assumes causal relationships where they don't exist.

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Skill Level Intermediate
1h 20m
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Skills covered in this course
Business Accounting Management Leadership

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