Farmer, J. Doyne; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2008
take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this is … so, extolling the virtues of equilibrium theory; then we present a critique and describe why this approach is inherently … jury is still out, i.e., where so far they fail to provide a good description of the world, but where proper extensions …
