Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures (Clarendon Paperbacks) - Couverture souple

Sargent, Thomas J.

Couverture souple

ISBN 10 : 0198288697 ISBN 13 : 9780198288695

Editeur : Oxford University Press, USA, 1994

Synopsis

Bounded Rationality in Macroeconomics Focusing on a new development in economic theory which involves bounded or limited rationality, the author describes two laboratory experiments that test versions of his macroeconomic models. He analyzes some promising applications of the methods surveyed, as well as their limitations.

A propos du livre

Revue de presse :

The presentation is lucid and concise ... Those willing to join the search will find no better technical introduction than Sargent's book. (Journal of Economic Literature)

A lucid review of recent developments in the theory of "bounded rationality" ... a commendably concise, informative and, above all, interesting account of the very recent literature in dynamic economic theory. (JRSS)

The presentation is lucid and concise. Most macroeconomist readers will find the chapter on neural networks, genetic algorithms, and artificial intelligence particularly instructive ... Those willing to join the search will find no better technical introduction than Sargent's book. (Journal of Economic Literature)

Présentation de l'éditeur :

This is a survey of bounded rationality, an area of theoretical macroeconomics which is receiving increased attention. The book is written by a leading macroeconomist who outlines the issues involved, describes some of the analytic tools that are being used, and shows how they can be applied in a range of models. It points to further potential positive developments of the theory as well as some of its limitations.

À propos de cette édition

• Éditeur: Oxford University Press, USA
• Date d'édition: 1994
• ISBN 10: 0198288697
• ISBN 13: 9780198288695
• Reliure: Broché
• Nombre de pages: 200