Month: February 2016
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Undecidability, Incompleteness and Irreducibility in Mathematical Economics
This essay is written in the style of Morgenstern’s “Thirteen critical points in contemporary economic theory” (1972) Methodological thinkers in economics usually translate decision theory as it pertains to economic decisions as choice theory, that is, rational choice theory. The cutting edge may go as far to admit bounded rationality into their choice theory, but criticism…