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aristidb
on Sept 29, 2012
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Markets are efficient if and only if P = NP
No, it's based on them being true enough that other approximations are less useful models.
wisty
on Sept 29, 2012
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Unfortunately, most economists don't develop other models, so the other models are very immature.
batista
on Sept 29, 2012
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No, it's based on them being true enough that other approximations are less useful models.
That is, in wishful thinking.
No other field has a worse prediction track record that economics.
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