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Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

2148.552 - 2169.308 Sean Carroll

Okay, good. I understand a lot better now. So let's try to figure out what we should be doing instead of those benighted ordinary economists. I mean, how does the statement of bounded rationality play into this? I mean, clearly it's a statement that the assumption of perfect rationality is too strong, but then how can you implement that in your better way of thinking?

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