Re:China Sells U.S. Treasuries to Support Yuan
by dekhn on Thursday August 27, 2015 @11:31AM
(#10130021)
Whether agents act rationally is an open question in the economic literature. I claim most investors are irrational, but that the market appears to have an emergent behavior that makes it appear rational. Truly explaining this sort of emergent behavior in a feedback and partial information and game-player system with a trivial narrative about whether agents are rational seems to deny the inherent complexity of the system.
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