{"id":8255,"date":"2016-02-04T15:51:12","date_gmt":"2016-02-04T23:51:12","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=8255"},"modified":"2016-02-04T15:51:12","modified_gmt":"2016-02-04T23:51:12","slug":"dynamic-vs-static-ruin-problems","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2016\/02\/dynamic-vs-static-ruin-problems\/","title":{"rendered":"Dynamic vs Static Ruin Problems"},"content":{"rendered":"
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Just found out<\/a> (Facebook) I was not alone in finding something weird in economists not understanding dynamic vs static ruin problems.
\nIt is a strange feeling to realize the answer to the question “Is it me or are they blind to something obvious?” is “no, it is not me”.
\nMurray Gell-Mann and colleague found the SAME point (though expressed in a more physical setting).<\/p>\n

My literary treatment
\nhttps:\/\/dl.dropboxusercontent.com\/u\/50282823\/rational.pdf<\/a><\/p>\n

Gell-Mann and colleague:
\nhttp:\/\/phys.org\/\u2026\/2016-02-exploring-gambles-reveals-foundat\u2026<\/a><\/p>\n

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Exploring gambles reveals foundational difficulty behind economic theory (and a solution)<\/a><\/div>\n
In the wake of the financial crisis, many started questioning different aspects of the economic formalism.<\/div>\n
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Just found out (Facebook) I was not alone in finding something weird in economists not understanding dynamic vs static ruin problems. It is a strange feeling to realize the answer to the question “Is it me or are they blind to something obvious?” is “no, it is not me”. Murray Gell-Mann and colleague found the […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,145],"tags":[],"class_list":["post-8255","post","type-post","status-publish","format-standard","hentry","category-contributors","category-facebook"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=8255"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8255\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=8255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=8255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=8255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}