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Saturday, April 22, 2017

THE UNDOING PROJECT ECONOMICS PSYCHOLOGY DOOMSDAY CONJUNCTION

p 340 their work ... awakened economists and policy makers to the importance of psychology....
 
Rather like two rival gangs, thrown into prison, each learning the other's modus operandi...
 
One can see what an unmitigated disaster expected utility theory was, for example, for Western society at large.

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