Saint Rantic

July 8, 2006

Probabilistic Economics :)

Filed under: Ancient Mmusings! — laks @ 7:25 pm

Ideally economics does not need culture, it only needs the average human behaviour to be constant in the period of application of the economic laws. Human evolution has made sure that the average does remain the same, any measure of behaviour (such as economic growth) cancels out the irrationalities and converges to the average.

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