like every single social science therory dressed as economic research truth, the slight harder look at it crumbles all assumptions. so tiring. best line on th

like every single social science therory dressed as economic research truth, the slight harder look at it crumbles all assumptions. so tiring. best line on that paper: Much of the intuition that would seem to follow from the SMD results is still intact. Rationality, as Arrow said, does not have aggregate implica- tions, but now, we have to add, if only aggregate data are available.