tag:blogger.com,1999:blog-2098432983500045934.post5494886610374678028..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Williamson versus the worldThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2098432983500045934.post-58022045497311988542015-11-22T19:46:59.676-05:002015-11-22T19:46:59.676-05:00Stephen Williamson: "In principle, the curren...Stephen Williamson: "In principle, the current state of the economy determines the likelihood of all potential future states of the economy."<br /><br />Roman Frydman: "As different as they are, rational expectations and behavioral-finance models represent the market with what mathematicians call a probability distribution – a rule that specifies in advance the chances of absolutely everything that will ever happen." (Quoted by <a href="https://larspsyll.wordpress.com/2015/11/21/roman-frydman-on-the-rational-expectations-hoax/" rel="nofollow">Lars P. Syll</a>)<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com