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Don't read too much into it, economic models like this are wrong in the same way the original version of Einstein's theory of general relativity fails to model
by wrnr 7y ago
Don't read too much into it, economic models like this are wrong in the same way the original version of Einstein's theory of general relativity fails to model 90% of the stuff in the universe, except that in this case it's more like 99.9%. The original paper[1] describes a spacial equability models where selfish agent move to maximise some utility function. It's in the vein of Shelling's segregation model. It's the sort of idea that the non-cognitive repeat ad nauseam.
[1] https://www.princeton.edu/~erossi/CHSR.pdf https://www.princeton.edu/~erossi/CHSR.pdf
- deleted 7y ago[deleted]