5 ms·
The widely-used representative agent paradigm more or less does assume that everyone has one testicle.
by soVeryTired 9y ago
The widely-used representative agent paradigm more or less does assume that everyone has one testicle.
- tomrod 9y agoMeh, thus the push for expressing heterogeneity over the past few decades in the literature. Sample papers: [0] [1] [0] http://siteresources.worldbank.org/DEC/Resources/JDSAntmanMcKenzieRevised.pdf http://siteresources.worldbank.org/DEC/Resources/JDSAntmanMc... [1] http://sedici.unlp.edu.ar/bitstream/handle/10915/3512/Documento_completo.pdf?sequence=1 http://sedici.unlp.edu.ar/bitstream/handle/10915/3512/Docume...