Modern gauge theory could be used in economics to demonstrate dynamic preferences
By Hicbd
Wed Sep 1 2021 7:22 pm
"Economic theory is based around the hidden assumption that consumer tastes are absolutely ‘stable’ over time despite the fact that a world with static tastes cannot even be considered a plausible simplification of the world in which we live...The key problem for economic theory is that the field simply failed to develop mathematical methods for analyzing changes in dynamic preferences."
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