1. What do economists mean when they say that all people are "rational maximizers"? Meaning, what
are they trying to "maximize", and what makes their decisions "rational"? Provide an example of
apparently "irrational" decision-making you have observed, be
Francis E. Arnold Jr.
Delaware Valley College is a relatively small school (student wise) compared to most and
since the beginning of the school year it has been easy for me to hear what students have to say