It is shown that if equilibrium conditions are included among the components of standard economic models we may establish the Simon-type causal ordering where we have causality reversals, a result which is rather disturbing and which allows only an epistemic interpretation of Simon’s causal ordering.
Causal Ordering and Causality Reversals
FILIPPI, FRANCESCO
2006-01-01
Abstract
It is shown that if equilibrium conditions are included among the components of standard economic models we may establish the Simon-type causal ordering where we have causality reversals, a result which is rather disturbing and which allows only an epistemic interpretation of Simon’s causal ordering.File in questo prodotto:
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