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by svnt 1016 days ago
These systems are something but not really representative human economics.

Empiricism is vulnerable to the changing awareness of the participants: if you discover a reliable principle it will be manipulated until it is learned. Once it is learned it is no longer reliable.

Rational agents are typically poor proxies for human behavior, and the more of them you have the worse the narrative to make it even seem that they could plausible be the way humans behave.