Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined - Couverture souple

Frydman, Roman

 
9780521310956: Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined
Couverture souple
ISBN 10 : 0521310954 ISBN 13 : 9780521310956
Editeur : Cambridge University Press, 2010

Synopsis

The papers in this volume provide a complex view of market processes.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Revue de presse

'I recommend the book to economists interested in rational expectations for their own reading and for required reading in the graduate courses they teach.' Journal of Economic Literature

'After reading this excellent, stimulating book the uncommitted reader may well feel that there are several logical or methodological problems which imply that the usual class of models which embodies the rational expectations hypothesis is unattractive as a basis for some form of economic analysis, in particular, macroeconomic policy design ... I suspect that the concept of model theoretic expectations will generate useful insights in the modelling of expectations in a number of areas such as asset markets or arbitrage process. It naturally leads to a consideration of expectations generated as some weighted average of different models. I greatly enjoyed this book and can strongly recommend it.' The Economic Journal

Présentation de l'éditeur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cambridge University Press
Date d'édition
2010
Langue
anglais
ISBN 10 
0521310954
ISBN 13 
9780521310956
Reliure
Broché
Nombre de pages
250
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

chemin des peupliers 27
Dardilly
France

Autres éditions populaires du même titre

9780521257442: Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined

Edition présentée

ISBN 10 :  0521257441 ISBN 13 :  9780521257442
Editeur : Cambridge University Press, 1984
Couverture rigide