Neoclassical economics is not only built around that idea, you also have the abi... | Hacker News

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imtringued on April 29, 2024 | parent | context | favorite | on: The Myth of the Second Chance

Neoclassical economics is not only built around that idea, you also have the ability to predict the behaviour of others accurately.

If you don't have those two things, then it doesn't work.

skybrian on April 29, 2024 [–]

It's a somewhat better assumption for repeated, routine transactions.

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