Edited by author 05-02-2001 11:43 AM
hi,
apart from the unnecessarily complicated language at some points, I think the paper brings about a very interesting point about asymmetry of information and more importantly the need to break assumptions and ideas down to their bare bones and investigating them. The kind of non-game-theoretically-optimal behaviour shown by this paper is very similar to the work in experimental economics using zero intelligence (bounded rationality in an extreme) traders in a stockmarket which shows many of the same aggregate behaviour as human traders in the same market environments.

I like the last section the best, where the author after spending time all over finally makes it clear what is is saying and what he is NOT saying. Perhaps some of these comments could have been included at the beginning of the article, it would have made reading and understanding the article much simpler.


sameer