kaal:claim:5886442-024
Nash's model, by presuming homo economicus unbound, overestimates human computational capacity and perpetuates a normative ideal that distorts policy and institutional design by justifying frictionless markets that never materialize in human systems.
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Nash's model, by presuming homo economicus unbound, not only overestimates human computational capacity but perpetuates a normative ideal that distorts policy and institutional design, justifying frictionless markets that never materialize in human systems.
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failuresupport: arguedfailure: Nashian idealizationfamily: research-design-limitationeconomics
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