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Comments on: More on describing the crisis http://www.tvhe.co.nz/2012/11/28/more-on-describing-the-crisis/ The Visible Hand in Economics Thu, 06 Dec 2012 02:31:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Financial regulation: Efficiency vs stability trade-off | The Dismal Science http://www.tvhe.co.nz/2012/11/28/more-on-describing-the-crisis/#comment-40273 Thu, 06 Dec 2012 02:31:10 +0000 http://www.tvhe.co.nz/?p=7857#comment-40273 […] this one.  The first two artices are here and here, and the blog post I did on them are here and here.  Infometrics will be popping up some more articles on Tuesday’s, but they won’t be on […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/11/28/more-on-describing-the-crisis/#comment-40258 Wed, 28 Nov 2012 03:21:00 +0000 http://www.tvhe.co.nz/?p=7857#comment-40258 In reply to Kimble.

Haha, very good.

The heat-death of the universe is imminent? Hmm, if only I had been paying proper attention to the physical sciences I could have put this all in perspective! After all, games with long but finite horizons do have very different equilibrium properties to games with infinite horizons.

]]> By: Kimble http://www.tvhe.co.nz/2012/11/28/more-on-describing-the-crisis/#comment-40257 Wed, 28 Nov 2012 00:03:00 +0000 http://www.tvhe.co.nz/?p=7857#comment-40257 Wow, Kevin Smith has trimmed down lately!

But seriously, powerdownkiwi has a good point in comments that you might want to address. He said, and I am paraphrasing here, what does economics matter when the heat-death of the universe is imminent?

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