Frydman, Roman; Goldberg, Michael D. - Princeton University Press
Posing a major challenge to economic orthodoxy, <i>Imperfect Knowledge Economics</i> asserts that exact models of … attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect … Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of …