"Communication of the Constraints on Action" - K. J. Arrow über Kommunikation
AbstractThe article proofs K. J. Arrows introduction of 'communication' in general equilibrium analysis. His theory of 'convergencs of beliefs' is incomplete. Rational choice has to be redesigned by a new relationsship of preferences and semantics, without probability-codes. Using 'communication', economic theory has to be aware of 'contextes', in an equilibrium of 2nd order.
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Bibliographic InfoArticle provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.
Volume (Year): 220 (2000)
Issue (Month): 4 ()
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General equilibrium and communication; choice and restrictions; choice and judgements; values and judgements; convergence of beliefs; choice and belief; contextrelativity of choices;
Find related papers by JEL classification:
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- D0 - Microeconomics - - General
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
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