Misguided criticism Some critics attribute to neoclassi cal economists the view that human beings have the ability

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Misguided criticism Some critics attribute to neoclassi cal economists the view that human beings have the ability to compute solutions to every maximization problem, no matter how complicated, in their heads and on the fly. For example: “Traditional models of unbounded rationality and optimization in cognitive science, econom ics, and animal behavior have tended to view decision-makers as pos sessing supernatural powers of reason, limitless knowledge, and endless time.” Explain why this criticism misses the mark.

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