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Individual Forecasting and Aggregate Outcomes

'Rational Expectations' Examined

Language EnglishEnglish
Book Paperback
Book Individual Forecasting and Aggregate Outcomes Roman FrydmanEdmund S. Phelps
Libristo code: 02027324
Publishers Cambridge University Press, October 1986
Growing out of a conference on Expectations Formation and Economic Disequilibrium held in New York C... Full description
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75.52 €
147.71  лв
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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.

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About the book

Full name Individual Forecasting and Aggregate Outcomes
Author Roman FrydmanEdmund S. Phelps
Language English
Binding Book - Paperback
Date of issue 1986
Number of pages 250
EAN 9780521310956
ISBN 0521310954
Libristo code 02027324
Publishers Cambridge University Press
Weight 344
Dimensions 156 x 224 x 12

Categories

Economics, Finance, Business & Management > Economics > Economic theory & philosophy
Economics, Finance, Business & Management > Economics > Macroeconomics
Economics, Finance, Business & Management > Economics > Economic history
Mathematics & Science > Mathematics > Probability & statistics
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