Книга Individual Forecasting and Aggregate Outcomes Roman FrydmanEdmund S. Phelps

Individual Forecasting and Aggregate Outcomes

'Rational Expectations' Examined

Език: Английски език
Корици: С меки корици
Издател: Cambridge University Press
Наличност: Външен склад
Изпращаме след 10-18 дни
73.11 142.98 лв
Growing out of a conference on Expectations Formation and Economic Disequilibrium held in New York C...

Информация за книгата

Език
Английски език
Корици
Книга - С меки корици
Издадена
1986
страници
250
EAN
9780521310956
ISBN
0521310954
Enbook ID
02027324
Теглоt
344
Размери
156 x 224 x 12

Пълно описание

Growing out of a conference on Expectations Formation and Economic Disequilibrium held in New York City in 1981, the papers in this volume provide a complex view of market processes in which individual rationality is no guarantee of convergence to the 'correct' model and the equilibrium coordination of agents' plans. They reject the 'optimality' argument for the rational expectations hypothesis, opening the door to other hypotheses of optimal expectations of agents in the decentralized market economy.

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