Les krachs 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 economy. 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 microeconomics. To the mindware of the specialists of cognitive psychology, one must add, coinduction which is the basis of our reasoning in infinite games and the notion of rationality must be refined.
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https://hal-ens-lyon.archives-ouvertes.fr/ensl-00937354
Contributor : Pierre Lescanne <>
Submitted on : Tuesday, January 28, 2014 - 11:33:32 AM
Last modification on : Wednesday, November 20, 2019 - 2:57:31 AM

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Pierre Lescanne. Les krachs sont rationnels. Technique et Science Informatiques, Hermès-Lavoisier, 2013, 32 (9-10), pp.909-909. ⟨ensl-00937354⟩

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