Guide to market fundamentals?


Another_Fan

 

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Economics is a hard subject to grasp. I wasn't to good at it in college, and I think I've actually learned more in just reading essays and articles on the internet for discussion on this forum than I did in college. Regardless of what people think, economics is as straight forward to grasp as math is, providing you can account for all the variables.

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I beg to differ. There's a reason why economics is called the dismal science. The problem in real life is that people are not always rational actors, and many of the simpler theories in economics rely on the fallacy of perfect information. So to make econ straightforward, all it requires is a simple combination of psychology, game theory, and traditional economic theory. Actually there's an emerging branch of economics called (I think) behavioral economics that sounds like it's attempting this very melding. I haven't read about it though, just heard a Fresh Air podcast on it a long time ago.

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I was refering to real world economics, and not game economics. If real world economics were so easy, people would have seen what was going to happen. The signs were there, but the variables weren't interpreted. The US screwed up, and should have left things alone. To big to fail is a bunch of bull ... Anyways, it's hard to talk about economics nowadays without hitting on politics too, so I'll stop there.


 

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Finding the variables is the hard part though, and there's so many of them sometimes, that people just don't acknowledge them

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is this a joke? variables in the essence cant be found.

They only can be twisted. by ubber minds, that is, not me

Arcaneville would explain that better.

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Variables can always be found or given a best guess. It's called numerical analysis.


 

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Guide to Cox Econ

Sell your stuff for 1, like you do now

Buy trap of the hunters for 1million


yeah the ebil marketeers will scoff and snicker at it....but i really wanna speed up the process of 'all your inf belong to us'


 

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I was refering to real world economics, and not game economics.

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I was too. Game theory in economics has to do with the study of dealing with imperfect or incomplete information. It's useful in a wide variety of real life scenarios, not just literal games.


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