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> Are we really willing to accept that agents aren't rational? Wouldn't that have severe implications for other markets? Is this a serious question? Of course
by sarchertech 3y ago
> Are we really willing to accept that agents aren't rational? Wouldn't that have severe implications for other markets?
Is this a serious question? Of course we are—gambling has historically been regulated or outright illegal in cultures the world over.
- woooooo 3y agoI'm assuming it's satire, but just in case, there's a whole body of economics built around recognizing market participant irrationality and trying to cope with it given Econ 101 assumptions.
- kelseyfrog 3y agoI'm curious, what are they? I sense there's something for me to learn here.
- gruez 3y agohttps://en.wikipedia.org/wiki/Behavioral_economics https://en.wikipedia.org/wiki/Behavioral_economics