Name: Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems Hardback (en Inglés)
Price: 81150.00 CLP
Availability: InStock
Author: Cars Hommes
ISBN: 9781107019294

portada Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems Hardback (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Cars Hommes

Año

2013

Idioma

Inglés

N° páginas

267

Encuadernación

Tapa Dura

ISBN13

9781107019294

N° edición

Categorías

Microeconomía

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems Hardback (en Inglés)

Cars Hommes (Autor) · Cambridge University Press · Tapa Dura

Libro Físico

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Reseña del libro "Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems Hardback (en Inglés)"

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.