tag:blogger.com,1999:blog-6837159629100463303.post3047167952359724614..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: A Socratic dialog on the simple model of information equilibriumJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6837159629100463303.post-8054710420405877692015-10-19T19:02:00.302-07:002015-10-19T19:02:00.302-07:00This mostly encompassed by Gary Becker's analy...This mostly encompassed by Gary Becker's analysis in terms of opportunity sets -- he says that even irrational people will behave rationally in aggregate (i.e. follow the laws of supply and demand):<br /><br /><a href="http://informationtransfereconomics.blogspot.com/2015/10/gary-beckers-emergent-rational-agents.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2015/10/gary-beckers-emergent-rational-agents.html</a>Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-29538735166828028372015-10-19T18:56:50.203-07:002015-10-19T18:56:50.203-07:00This mostly encompassed by Gary Becker's analy...This mostly encompassed by Gary Becker's analysis in terms of opportunity sets -- he says that even irrational people will behave rationally in aggregate (i.e. follow the laws of supply and demand):<br /><br /><a href="http://informationtransfereconomics.blogspot.com/2015/10/gary-beckers-emergent-rational-agents.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2015/10/gary-beckers-emergent-rational-agents.html</a>Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.com