Saturday, April 18, 2009

Blockquoting X

X = Richard Thaler
Game theory as it currently exists is a normative theory. It characterizes optimal behavior when selfishness and rationality are common knowledge (p. 32).

1 comment:

Anonymous said...

This is a brilliant post. As a big fan to The Perfect Substitute, I am very pleased that Will has been added to this blog. His posts add valuable quality to this blog, and the entire blogosphere.
Keep it up Will.