like every single social science therory dressed as economic research truth, the slight harder look at it crumbles all assumptions.
so tiring.
best line on that paper: Much of the intuition that would seem to follow from the SMD results is
still intact. Rationality, as Arrow said, does not have aggregate implica-
tions, but now, we have to add, if only aggregate data are available.
so tiring.
best line on that paper: Much of the intuition that would seem to follow from the SMD results is still intact. Rationality, as Arrow said, does not have aggregate implica- tions, but now, we have to add, if only aggregate data are available.