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The economic concept of equilibrium infers rational participants, yet what happens when analysts and traders behave unpredictably? Darwin takes over. This text shows how traditional economic equilibria can exist despite natural selection in irrational markets.
The twenty-first century so far has seen the global rise of authoritarian populism, systematic racism, and dogmatic metaphysics. Even though these events demonstrate the growth of an age of 'unreason', in this original and compelling book John Roberts resists the assumption that…
An evaluation of the sources of illogical decisions explores the reasons why irrational thought often overcomes level-headed practices, offering insight into the structural patterns that cause people to make the same mistakes repeatedly.
