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Author: Esther-Mirjam Sent
Publisher: Cambridge University Press
ISBN: 0521571642
Category : Business & Economics
Languages : en
Pages : 254
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Book Description
This book analyses the historical evolution of rational expectations by focusing on the changing ideas of Thomas Sargent.
Author: Esther-Mirjam Sent
Publisher: Cambridge University Press
ISBN: 9780521571647
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Inspired by recent developments in science studies, Professor Sent offers an innovative type of analysis of the recent history of rational expectations economics. In the course of exploring the multiple dimensions of rational expectations analysis, she focuses on the work of Thomas Sargent, an instrumental pioneer in the development of this school of thought. The treatment aims to illuminate some of the shifting negotiations and alliances that characterize the rise and shift of direction in rational expectations economics.
Author: Michel Zouboulakis
Publisher: Routledge
ISBN: 1317817486
Category : Business & Economics
Languages : en
Pages : 189
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Book Description
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, taking in thinkers from Mill to Friedman, and encompassing approaches from neoclassical to behavioural economics. The book charts this history in order to reveal important instances of conceptual transformation of the meaning of economic rationality. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus .
Author: Steven M. Sheffrin
Publisher: Cambridge University Press
ISBN: 9780521479394
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
This book develops the idea of rational expectations and surveys its use in economics today.
Author: Graham Keith Shaw
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 150
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Book Description
Author: Bill J Gerrard
Publisher: Routledge
ISBN: 1134915284
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
The concept of rationality is the heart of modern economics. Neo-classical theory seems unable to proceed without assuming a rational agent seeking to find the optimal means to a well defined end. Yet many find this uncritical treatment of rationality problematic. It takes little account of culture history or creativity and consequently many economists find this insistence on rationality of little use when trying to explain a wide range of economic phenomena. Increasingly these include a large number of game theorists and others involved in mainstream theory as well as those typically opposed to neo-classicism. The Economics of Rationality contains a number of critical perspectives on the treatment of rationality in economics.
Author: Deborah A. Redman
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
The major purpose of this work is to make staying up to date with rational expectations (RE) easier for economists in government, academia and industry, as well as for students.
Author: Peter Rappoport
Publisher:
ISBN:
Category :
Languages : en
Pages : 141
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Book Description
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
What is Rational Expectations Rational expectations is an economic theory that seeks to infer the macroeconomic consequences of individuals' decisions based on all available knowledge. It assumes that individuals actions are based on the best available economic theory and information, and concludes that government policies cannot succeed by assuming widespread systematic error by individuals. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Rational expectations Chapter 2: Adaptive expectations Chapter 3: Macroeconomics Chapter 4: Inflation Chapter 5: New Keynesian economics Chapter 6: Phillips curve Chapter 7: Lucas critique Chapter 8: Macroeconomic model Chapter 9: Neutrality of money Chapter 10: John B. Taylor Chapter 11: Thomas J. Sargent Chapter 12: Edmund Phelps Chapter 13: Policy-ineffectiveness proposition Chapter 14: Lucas islands model Chapter 15: Neoclassical synthesis Chapter 16: New classical macroeconomics Chapter 17: NAIRU Chapter 18: History of macroeconomic thought Chapter 19: McCallum rule Chapter 20: Lucas aggregate supply function Chapter 21: Taylor contract (economics) (II) Answering the public top questions about rational expectations. (III) Real world examples for the usage of rational expectations in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Rational Expectations.
Author: Riccardo Viale
Publisher: Routledge
ISBN: 1317330803
Category : Business & Economics
Languages : en
Pages : 681
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Book Description
Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which prevent people from thinking or behaving according to formal rationality. Simon’s theory has been expanded in numerous directions and taken up by various disciplines with an interest in how humans think and behave. This includes philosophy, psychology, neurocognitive sciences, economics, political science, sociology, management, and organization studies. The Routledge Handbook of Bounded Rationality draws together an international team of leading experts to survey the recent literature and the latest developments in these related fields. The chapters feature entries on key behavioural phenomena, including reasoning, judgement, decision making, uncertainty, risk, heuristics and biases, and fast and frugal heuristics. The text also examines current ideas such as fast and slow thinking, nudge, ecological rationality, evolutionary psychology, embodied cognition, and neurophilosophy. Overall, the volume serves to provide the most complete state-of-the-art collection on bounded rationality available. This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.
Author: Cristina Bicchieri
Publisher: CUP Archive
ISBN: 9780521574440
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
. This major new book will be of particular interest not only to philosophers but to decision theorists, political scientists, economists, and researchers in artificial intelligence.
