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by bluecheese33
1687 days ago
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Noted, but they still are pretty accepted in mainstream economics (nobel prize in economics in 2002). Also of course, they're not the only ones doing behavioral economics [1]: > Imperfect information is core to modern econ; theories showing how imperfect information can cause markets to break down received a Nobel 20 years ago. Perfect rationality has been successfully challenged by behavioral economics for decades, and received Nobels in 2002, 2013, and 2017. [1] https://noahpinion.substack.com/p/this-years-econ-critics-ma... (includes links) |
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