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Risky Curves: On the Empirical Failure of Expected Utility

Posted By: insetes
Risky Curves: On the Empirical Failure of Expected Utility

Risky Curves: On the Empirical Failure of Expected Utility By Daniel Friedman, R. Mark Isaac, Duncan James, Shyam Sunder
2017 | 140 Pages | ISBN: 1138096466 | PDF | 10 MB


The book shows that mainstream economics has no empirical foundation because the utility theory is beyond any empirical verification.