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Economists have many choices when their models break: they can go poetic "tragedy of the commons", technical "externalities", John Nash "prisoner's dilemma", o
by sharker8 6y ago
Economists have many choices when their models break: they can go poetic "tragedy of the commons", technical "externalities", John Nash "prisoner's dilemma", or even sort of nonsensical "internalizing externalities".
- pnutjam 6y agoSkience is like that, we should stick with science.