Individual Forecasting and Aggregate Outcomes : 'Rational Expectations' Examined

Language: English

Published by Cambridge University Press, 1987

0521310954 / 9780521310956

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Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9780521310956

Title
Individual Forecasting and Aggregate Outcomes : 'Rational Expectations' Examined
Author
Frydman R. Oman
Publisher
Cambridge University Press
Publication year
1987
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
0521310954
ISBN 13
9780521310956
Item weight
412 grams
Dimensions
229x152x15 mm

AHA-BUCH GmbH

Einbeck, Germany

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