Economics of Information Biasing

<p><span style=color: rgba(34 34 34 1)>This book describes a new scientific paradigm of economics that unifies the diverse thoughts of economics to provide a simplified but holistic view of real-world economic and</span></p><p><span style=color: rgba(34 34 34 1)>social structures. It goes deep into very fundamental dynamics of rational behavior of economic agents with respect to information sharing amid their diverse self-interests. In</span></p><p><span style=color: rgba(34 34 34 1)>a real-world economy the probability of achieving Pareto efficiency for a subset of the population is much higher than for the whole population. This model is enhanced to</span></p><p><span style=color: rgba(34 34 34 1)>describe that our market is not uniform but distributed in layers of energy states. Our social and economic institutions can be subjectively modeled as an information biasing</span></p><p><span style=color: rgba(34 34 34 1)>chain where economic agents are positioned in different abstract coalitions according to the interdependence of their payoff functions. The upper layer coalitions virtually</span></p><p><span style=color: rgba(34 34 34 1)>control the institutions for dominance and they have greater influences on our markets that provoke growth by exhausting energy and other natural resources.</span></p><p><br></p><p><span style=color: rgba(34 34 34 1)>This book contains over 100 illustrations. </span></p>