Expectations, Rationality and Economic Performance

Models and Experiments

Автор: Tobias F. Rotheli

Език:

Корици: С меки корици

Издател: Edward Elgar Publishing Ltd

Наличност: Външен склад

Изпращаме след 14-20 дни

57.04 € 111.57 лв

This book offers a broad perspective on the economics of expectations. Experimental studies are used...

Информация за книгата

Автор

Tobias F. Rotheli

Език

Английски език

Корици

Книга - С меки корици

Издадена

2009

страници

224

EAN

9781848444683

Enbook ID

05104469

Издател

Edward Elgar Publishing Ltd

Теглоt

363

Размери

156 x 234 x 17

Пълно описание

This book offers a broad perspective on the economics of expectations. Experimental studies are used to analyze how human bounded rationality affects economic performance. The challenges posed for policy making are also addressed. Tobias Rotheli begins by presenting the basic tools and theoretical models necessary to our understanding of rational and boundedly rational expectations and their role in economic life. Key topics discussed include expectations in general equilibrium theory, probabilities and expected utility, heterogeneity of economic agents, behavioral alternatives to forecasting and the effects of expectations heuristics, particularly in financial markets.The author then goes on to explore the fascinating insights behavioral economics - the empirical analysis of economic decision making - has to offer. Here experimental studies illustrate the effects of costly information, the role of pattern recognition as basis of expectations, anticipation and coordination failures, and the role of expectations in determining the general price level. The book also addresses the implications of the experimental findings for applied economics.Aiming to achieve the accessibility of a textbook, this research monograph will appeal to economic researchers interested in economic behavior and theory, as well as students taking upper-level undergraduate and graduate courses. It will also be of interest to economists working in business and government.

Може също да ви хареса

Клиенти, които купиха тази книга, купиха също

Най-често търсени

Categories

Authors

Publishers

Продукти

Продукти

Най-често търсени

Categories

Authors

Publishers

Продукти

Продукти

Expectations, Rationality and Economic Performance

Models and Experiments

Информация за книгата

Пълно описание

Може също да ви хареса

Клиенти, които купиха тази книга, купиха също