[lit-ideas] Re: Rational decisions?

>>when it comes to almost every real decision which managers make, the idea that the manager is in a position to assess the risk is at best a call to attentiveness and at worst a delusion.
Didn't the future of that delusion (rational decision versus plain-or-garden-variety decision) go out with Freud? Isn't Freud's pessimist critique of Marx the last word on a species-conscious polity?
Even in the restricted world of securities, isn't a stock's "beta" just Eric Dean's "call to attentiveness" backed by analytic handicapping odds? 


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