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This is also not correct, it depends on which economic model you are looking at. Some assume equilibrium some study transitory dynamics to the equilibrium. You
by rmbeard 6y ago
This is also not correct, it depends on which economic model you are looking at. Some assume equilibrium some study transitory dynamics to the equilibrium. You can't make general statements like that and expect them to be always true, you need to refer to a specific model not the field as a whole.
- ReflectedImage 6y agoIt's true for Expected Utility Theory and anything that has been based on top of it.