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Many would defend utility theory (as well as other aspects of their standard model of behaviour) as a useful approximation, pointing out that exceptions to approximations can always be found.
ECONOMIST: News from the lab
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In the Radio Times, Dr Williams said Jesus was not just a model of perfect behaviour and was "constantly asking awkward questions" in the Bible.
BBC: Archbishop: Rescue young or face further riots
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The model explains the power-law behaviour seen in both conventional wars and terrorist attacks.
ECONOMIST: Modelling conflict