Once in a while on this Blog I will re-blog some Posts from the amazing, well written and comprehensive web blog The Physics of Finance from Mark Buchanan. Mark is a former Physicist turned Bloomberg finance columnist and reporter.Some of his posts are really interesting to read. Informative, thoughtful and a learning plus without any hint of doubt. Strongly recommended...and not just for the so called 'Rocket Scientist....' This post delves into conceptual matters of contemporary economics and makes the case for the fruitful debate around Rational Expectations Theory and its shortcomings...as wells its achievements!
The Physics of Finance: Blind on purpose: equilibrium as a conceptual filt...: A couple of years ago, I came across this article written in The Huffington Post by economist and game theorist David Levine. It carried th...
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