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Expectations, rationality and economic performance : models and experiments / Tobias F. Rötheli
Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: Edward Elgar E-Book ArchiveVerlag: Cheltenham [u.a.] : Elgar, c 2007Beschreibung: Online-Ressource (X, 202 S.) : zahlr. graph. DarstISBN:- 9781781951071
- 330.019
- 330.01/9
- HB3731
Inhalte:
Zusammenfassung: Markets and expectations -- Expected utility maximization -- Effects of heterogeneous expectations -- Forecasting among alternative strategies under uncertainty -- Expectations in time series models -- Costly information and decision making -- Applied welfare economics with boundedly rational expectations -- Pattern recognition as basis of expectations -- Pattern-based expectations and financial markets -- Anticipation and coordination failures -- Money, transactions and expectations.Zusammenfassung: This book offers a broad perspective on the economics of expectations. Experimental studies are used to analyse how human bounded rationality affects economic performance. The challenges posed for policy making are also addressedPPN: PPN: 805606084Package identifier: Produktsigel: ZDB-77-EEC | ZDB-1-EWE | ZDB-1-EWE-ebook
Markets and expectations -- Expected utility maximization -- Effects of heterogeneous expectations -- Forecasting among alternative strategies under uncertainty -- Expectations in time series models -- Costly information and decision making -- Applied welfare economics with boundedly rational expectations -- Pattern recognition as basis of expectations -- Pattern based expectations and financial markets -- Anticipations and coordination failures -- Money, transactions, and expectations
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