Thoughts On Economics

Economists proved over half a century ago that certain stories are unfounded in the theory. For example, one might think that if some worke...

I have been trying to reread Donald Saari on election paradoxes . I have previously considered a few parallels between the Condorcet parado...

Figure 1: Chapuchin Monkeys, Our Cousins What do we think about generalizations, validated partly with experiments with non-human animals...

I have previously gone on about multiple selves , also known as Faustian agents . I had not considered how an individual manages these selv...

1.0 Introduction Mainstream and non-mainstream economics can be read as sociological categories, defined by what conferences economists at...

1.0 Introduction You may have noticed. I am not overly fond of neoclassical economics. But today I thought I would talk about criticisms y...

Adam Smith and David Ricardo exemplify classical economics. Economists lost and forgot many good ideas in classical economics with the adve...

Mattheus von Guttenberg exemplifies what I think are defects in many fanboys of Austrian school economics. Among these defects is an uncr...

"Robert Nozick has a unique place in the annals of rational choice theory: he refuted it." -- Ian Hacking (1994) My reaction, whe...

A theme of this blog is the incorrectness of the neoclassical textbook description of how agents choose. The assumptions of this view can b...

I have previously described models of agents divided in mind. And I have noted that akrasia is defined as the phenomenon of acting against...

I think that if one looked, one would be able to find in lots of depictions in literature of multiple selves. Here's an example: "....

"Two souls, alas, do dwell within this breast. The one is ever parting from the other" -– Goethe "He [i.e., Dickens] told me ...

1.0 Introduction I think utility theory has a canonical textbook presentation. Many variations seem to exist. In some, the additional struct...

I have previously noted the problems for utility theory created by the application of Arrow's impossibility theorem to a single individ...

Wong (1978, 2006) grew out of what may have been the last doctorate thesis Joan Robinson supervised. As it is, Wong did not complete his the...

1.0 Introduction The point of the experiment described here is to offer empirical evidence for the importance of the distinction between unc...

1.0 Introduction I previously described , in an abstract way, a model in which individuals choose rationally even though they may not have a...

1.0 Introduction I think of this post as posing a research question. S. Abu Turab Rizvi re-interprets the primitives of social choice theory...