"Communication of the Constraints on Action" - K. J. Arrow über Kommunikation
The 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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Volume (Year): 220 (2000)
Issue (Month): 4 ()
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