Behavioral rationality and heterogeneous expectations in complex economic systems
tarafından
 
Hommes, Carsien Harm. author

Başlık
Behavioral rationality and heterogeneous expectations in complex economic systems

Yazar
Hommes, Carsien Harm. author

ISBN
9781107019294
 
9781107564978

Yazar Ek Girişi
Hommes, Carsien Harm. author

Fiziksel Tanımlama
xvii, 253 pages. : charts ; 26 cm.

İçerik
Machine generated contents note: 1. Introduction; 2. Bifurcations and chaos in 1-D systems; 3. Bifurcations and strange attractors in 2-D systems; 4. The nonlinear cobweb model; 5. The cobweb model with heterogeneous expectations; 6. An asset pricing model with heterogeneous beliefs; 7. Empirical validation; 8. Laboratory experiments.

Özet
"Recognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments. The complexity modeling paradigm has been strongly advocated since the late 1980s by some economists and by multidisciplinary scientists from various fields, such as physics, computer science and biology. More recently the complexity view has also drawn the attention of policy makers, who are faced with complex phenomena, irregular fluctuations and sudden, unpredictable market transitions. The complexity tools - bifurcations, chaos, multiple equilibria - discussed in this book will help students, researchers and policy makers to build more realistic behavioral models with heterogeneous expectations to describe financial market movements and macro-economic fluctuations, in order to better manage crises in a complex global economy"

Konu Başlığı
Rasyonel beklentiler (Ekonomi teorisi).
 
Rational expectations (Economic theory).
 
Ekonomi -- Psikolojik Etkiler.
 
Economics -- Psychological aspects.
 
İşletme ve Ekonomi / Ekonomi / Mikroekonomi.
 
Business & Economics / Economics / Microeconomics.


LibraryMateryal TürüDemirbaşYer NumarasıDurumu / Lokasyon / İade Tarihi
Ekonomi KütüphanesiKitapEKOBKN0001671330.019 HOM 2013Merkez Kütüphane Genel Koleksiyon