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Have you ever read the book 'The Origin of Wealth'. It goes to great lengths to discredit such 'rational agent', and to a non-economist like me makes a pretty c
by anonymousDan 13y ago
Have you ever read the book 'The Origin of Wealth'. It goes to great lengths to discredit such 'rational agent', and to a non-economist like me makes a pretty convincing case. Avoiding simulations because they are not very amenable to the assumption of rational agents says more about economists than the utility of simulations in my opinion.
- yetanotherphd 13y agoWhy do you presume to talk down to me when you haven't even bothered to address the points in my post (in particular the concrete examples I gave of rational agents vs simulations). I have a PhD in economics, but I don't insist that people take my word for gospel. You on the other hand, seem to think that reading a single book makes you an expert.