Reposted by Andrey Chetverikov
Congrats to Mike Woodford on winning the Nobel Prize!
Some of his recent work is also quite exciting, working on how "cognitive noise" and "cognitive imprecision" play a foundational role in decision making: blogs.cuit.columbia.edu/mw2230/recen...
blogs.cuit.columbia.edu
Models of Imprecise Cognition – Michael Woodford