Hichri, W.; Kirman, A. - In: The European Physical Journal B - Condensed Matter and … 55 (2007) 2, pp. 149-159
In physical models it is well understood that the aggregate behaviour of a system is not in one to one correspondence with the behaviour of the average individual element of that system. Yet, in many economic models the behaviour of aggregates is thought of as corresponding to that of an...
