Recent working paper — Hayek even cited with some Austrians along with Edelman and Maturana and Varela.
Tags » The Sensory Order
Here is Thierry Aimar’s intro to his paper for Hayek in Mind.
1,036 more words
Contemporary analysis usually divides games of chance into three dimensions. In Machina and Schmeidler’s (1992) terms, this division can be viewed based on the example of an urn containing 90 balls of different colors, out of which an agent pulls a ball, of which he must ex ante guess its color to achieve a predetermined gain.