It's not even that - you can use the same economics models with realistic parameters and forces.
Yes because you can replace the 'value' in the equation with more than just money - status/reputation.
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I'm on your side on this obviously - my point is that 'value maximization' can give you answer with lot of toil
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Yes that's the eminent, autistic failure of the enterprise. Charlie Munger is good: http://healthywealthywiseproject.com/2011/08/charlie-munger-speech-academic-economics-strengths-and-faults-after-considering-interdisciplinary-needs/ …
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