Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems (English, Cars Hommes)-46% OFF
Cambridge University Press

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems (English, Cars Hommes)

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Book Details

ISBN-139781107019294
ISBN-10110701929X

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About the Book

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 va…

ISBN: 9781107019294

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