Animations of agents subject to a budget contraint
Since Noah Smith wants to see slides, I'm going to try and put some together (in part for my talk in June). Here's an animation of when an information equilibrium description of economics would apply for agents that have a choice of two goods with the same price and a budget constraint:
And here's what it could look like if behavioral economics got involved. These could represent a recession (left) or a shift in preferences (right) from both goods to a single good (e.g. betamax vs VHS):
