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by 1oooqooq
513 days ago
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like every single social science therory dressed as economic research truth, the slight harder look at it crumbles all assumptions. so tiring. best line on that paper: Much of the intuition that would seem to follow from the SMD results is
still intact. Rationality, as Arrow said, does not have aggregate implica-
tions, but now, we have to add, if only aggregate data are available. |
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