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Post AuofgB1zR8tB6OUIi0 by [email protected] |
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Post #AuoVQoHsiRyAg7xFrM by [email protected] |
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Many academic economists still cling to "rational choice theory": the… |
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Post #AuoXJe86HeP53X5jKi by [email protected] |
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@johncarlosbaez As somebody trained in politics and economics, Ive never consid… |
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Post #AuoYXDpKyNjZUKLufQ by [email protected] |
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@johncarlosbaez utility is such a bland choice of word to describe the machiner… |
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Post #AuoZoHlFhP9IZC8rrs by [email protected] |
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@johncarlosbaez Isn’t marketing the thing which plays with our utility functi… |
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Post #Auoaw097AwIGCmXx6e by [email protected] |
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@johncarlosbaez OTOH, they don't even seem to apply it properly. Consider a… |
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Post #AuobPI2rhoKW7HabUO by [email protected] |
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@johncarlosbaez I've been reading a bit about this recently for an applicat… |
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Post #AuocjPVxkDaX1nME9Q by [email protected] |
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@johncarlosbaez Regarding economic so much is wronghttps://infosec.exchange/@re… |
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Post #AuoeMzIEkolpF1NC8e by [email protected] |
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@johncarlosbaez> a collection of individuals each rationally maximizing thei… |
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Post #Auoee9sWeS0YzgXCQC by [email protected] |
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@johncarlosbaez As a non-economist who reads academic economics I don't sha… |
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Post #AuofgB1zR8tB6OUIi0 by [email protected] |
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@johncarlosbaez "academic economists" is an oxymoron anyway. There&#… |
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Post #Auog9eCo2u71z0bEie by [email protected] |
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@pa27 - "academic" means roughly "working as a professor at a un… |
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Post #AuogN4qcIoJiNPcmHY by [email protected] |
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@maxpool - I'm working with a labor economist and he says a lot of work in … |
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Post #AuohR3rnzV4IRmdzbk by [email protected] |
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@johncarlosbaez @maxpoolThat is a good description of the *bulk*of theoretical … |
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Post #Auol3qmMssqB0qHwZc by [email protected] |
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@johncarlosbaez Here's the standard answer: the von Neuman-Morgenstern expe… |
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Post #AuomFg06sqPF0sv2wK by [email protected] |
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@johncarlosbaez I did not mean to imply that rational choice should be abandone… |
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Post #AuomueUlO09KDUnOMK by [email protected] |
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@johncarlosbaez All these models are incomplete without accounting for stupidit… |
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Post #AuoxMpfaQqDeWXvz5E by [email protected] |
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@TerryHancock wrote: "Do we consider it a matter of "own utility"… |
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Post #Aup041XsM1LZiS3CE4 by [email protected] |
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@johncarlosbaez Economists are astrologers sans stars.A proper theory of econom… |
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Post #Aup20BqEKcgkOlw39c by [email protected] |
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@johncarlosbaez rational actors maximizing utility is a useful model. My perso… |
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Post #Aup5ZoeIL0nqkv22mO by [email protected] |
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@TerryHancock @johncarlosbaez Do people maximixe absolute utility or relative u… |
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Post #Aup5ZojxzvL92VgZcW by [email protected] |
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@CascadeTommy @TerryHancock - in rational choice theory people maximize utility… |
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Post #Aup6L57KvUzLRT9bpg by [email protected] |
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@johncarlosbaez @pa27 There's a telling story in one of Nassim Taleb's … |
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Post #AupCIxfyDoU9Vbj4Zk by [email protected] |
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@johncarlosbaez as an economic layperson who knows a little bit of math, I foun… |
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Post #AupCw5Y2t3dJDYg02K by [email protected] |
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@johncarlosbaez @pa27 As any fule kno, they're doing dismal science.https:… |
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Post #AupaV7IUfocXiw4e0W by [email protected] |
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@vnikolov - here 'rationally' maximizing utility means maximizing the e… |
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Post #AuqKRGFy17JgF9zXiC by [email protected] |
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@johncarlosbaez> here 'rationally' maximizing utility means maximizi… |
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Post #Av3peMlmjeevqI5A0W by [email protected] |
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@johncarlosbaez 1/2 Smart people can be sometimes naive when they speak about a… |
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Post #Av3peNbtbuLKRuSmES by [email protected] |
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@johncarlosbaez 2/2 Of course not. If i just moved to a new job and i have a ne… |
