Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Les crashs sont rationnels

Abstract : As we show by using notions of equilibrium in infinite sequential games, crashes or financial escalations are rational for economic or environmental agents, who have a vision of an infinite world. This contradicts a picture of a self-regulating, wise and pacific economic world. In other words, in this context, equilibrium is not synonymous of stability. We try to draw, from this statement, methodological consequences and new ways of thinking, especially in economic game theory. Among those new paths, coinduction is the basis of our reasoning in infinite games.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

Cited literature [4 references]  Display  Hide  Download
Contributor : Pierre Lescanne Connect in order to contact the contributor
Submitted on : Thursday, April 26, 2012 - 11:48:59 AM
Last modification on : Thursday, September 29, 2022 - 2:58:07 PM
Long-term archiving on: : Thursday, December 15, 2016 - 1:31:40 AM


Files produced by the author(s)


  • HAL Id : ensl-00646546, version 5
  • ARXIV : 1111.7299



Pierre Lescanne. Les crashs sont rationnels. 2011. ⟨ensl-00646546v5⟩



Record views


Files downloads