The second graph is my maximum entropy version of the Diamond-Dybvig model, but NR and B correspond to p' and p in Figure 2 from Gary Becker's paper below.
Share this post
Gary Becker's emergent rational agents
Share this post
The second graph is my maximum entropy version of the Diamond-Dybvig model, but NR and B correspond to p' and p in Figure 2 from Gary Becker's paper below.