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 ...
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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.
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Add this copy of Behavioral Rationality and Heterogeneous Expectations to cart. $40.62, like new condition, Sold by Robin Summers Books rated 5.0 out of 5 stars, ships from Aldeburgh, SUFFOLK, UNITED KINGDOM, published 2013 by Cambridge University Press.
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New. Recognising that the economy is a complex system with boundedly rational interacting agents, applies complexity modelling to economics and finance. Num Pages: 272 pages, 93 b/w illus. BIC Classification: KCC; KCK; KCS. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 172 x 257 x 16. Weight in Grams: 470. 2015. Reprint. paperback.....We ship daily from our Bookshop.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Add this copy of Behavioral Rationality and Heterogeneous Expectations to cart. $80.71, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2013 by Cambridge University Press.
