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The Max U Approach: Prudence-only, or Not Even Prudence? A Smithian Perspective
Max U Prudence Moral Sentiments Adam Smith D.N. McCloskey
2014/6/23
McCloskey criticizes Samuelsonian economists for representing human beings in their models by a character she dubs Max U. Max U, she argues, lacks all virtues except for Prude...
Investor Prudence and the Role of Financial Advice
Financial Advice Investor Prudence financial sophistication
2011/8/20
Investors have difficulties making optimal long-term financial decisions for reasons such as shortsightedness, a lack of financial sophistication, and an inability to self-regulate. Using propriety da...