Learning in Economic Systems with Expectations Feedback

Name: Learning in Economic Systems with Expectations Feedback
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783540243229
Price: 59.22 EUR
Availability: InStock

Автор: Joachim Wenzelburger

Език:

Корици: С меки корици

Издател: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Наличност: Външен склад в ограничено количество

Изпращаме след 13-18 дни

59.22 € 115.83 лв

Recently, more and more economists have abandoned the assumption that agents have perfect knowledge...

Информация за книгата

Автор

Joachim Wenzelburger

Език

Английски език

Корици

Книга - С меки корици

Издадена

2006

страници

176

EAN

9783540243229

ISBN

3540243224

Enbook ID

05273776

Издател

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Теглоt

610

Размери

155 x 235 x 12

Пълно описание

Recently, more and more economists have abandoned the assumption that agents have perfect knowledge about the economic environment in which they live. Instead the focus has been directed toward scenarios in which agents' views of the world may be erroneous.§An open issue is how to describe plausible rules, according to which expectations are formed and updated over time. The book introduces the concept of a perfect forecasting rule that generates rational expectations in the classical sense, thus reconciling the traditional view with behaviorist approaches.§It argues that successful learning schemes should aim at estimating the correct market structure from available observations, while taking into account the impact of forecasting on future data.

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Learning in Economic Systems with Expectations Feedback

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Пълно описание

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