Updating model of self in the world

14 Nov

For each model, or class of models, only a brief summary is given.

Some models may have more extensive descriptions elsewhere.

Musk later graduated from Pretoria Boys High School and moved to Canada in June 1989, just before his 18th` At the age of 17, Musk was accepted into Queen's University in Kingston, Ontario, for undergraduate study.

Smith viewed behaviors as under the direct control of the passions, but believed that people could override passion-driven behavior by viewing their own behaviors from the perspective of an outsider—the impartial spectator—a “moral hector who, looking over the shoulder of the economic man, scrutinizes every move he makes”. Research and evidences have shown that the Limbic system of the brain is responsible for our emotional side which is usually represented as a V area.

Similarly, the Frontal/Prefrontal cortex controls our rational/responsible thinking and is referred to as the U area.

In Economics however, we assume the agents to be dynamically consistent.

In other words, they do not suffer from the temptations like other people do – they...