Jesús Arturo Devesa

Economist , MBA

Impact of Fiscal deficit reduction policies over economic sectors

Ideas and data for congressmen and senators:

Decisions, probabilities and outcomes. (02/21/11):

Policy makers should know that prediction models assume that people make decisions in the same way.

However, our economic models tell us that less people share same beliefs about probabilities of different outcomes.

Capitalism reliance upon individual decisions makes more difficult what would be the result of cumulative decisions.


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