22.10.2013
WWWforEurope Lecture Series: Knowledge, Belief and the Economic System
Main event: WWWforEurope Lecture Series: Knowledge, Belief and the Economic System:
Organised by: Project team WWWforEurope
Persons:
Kenneth J. Arrow
Language: Englisch
A key factor in the organisation of the economy is the set of beliefs that people have about each other. They change those beliefs by searching, by computing, by analysing, and when looked at properly, this gives rise to some considerable anomalies when compared with the standard theories.