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Comment by yummyfajitas

You really need to go learn some economics.

All of the topics you mention are popular topics of study. For example, gaming the system by influencing laws was studied by (picking a famous name here) Hayek. Monopolies/monopsonies are well studied and generally believed to be inefficient.

Information asymmetries and actors with bounded rationality are extremely popular topics to study today.

The paper we are discussing here is a perfect example describing the microfoundations of bounded rationality, for example.

parent yummyfajitas 14 years ago

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