Formulating and Estimating Bounded Rationality Models

Formulating and Estimating Bounded Rationality Models PDF Author: SaangJoon Baak
Publisher:
ISBN:
Category :
Languages : en
Pages : 202

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Book Description

Formulating and Estimating Bounded Rationality Models

Formulating and Estimating Bounded Rationality Models PDF Author: SaangJoon Baak
Publisher:
ISBN:
Category :
Languages : en
Pages : 202

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Book Description


Commodity Price Dynamics

Commodity Price Dynamics PDF Author: Craig Pirrong
Publisher: Cambridge University Press
ISBN: 1139501976
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.

Nonlinearity, Bounded Rationality, and Heterogeneity

Nonlinearity, Bounded Rationality, and Heterogeneity PDF Author: Tamotsu Onozaki
Publisher: Springer
ISBN: 4431549714
Category : Business & Economics
Languages : en
Pages : 227

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Book Description
This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity,” “bounded rationality” and “heterogeneity,” which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.

Chaos Theory in Economics

Chaos Theory in Economics PDF Author: W. Davis Dechert
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 632

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Book Description
A collection of essays which bring together three basic aspects of research into nonlinear dynamics and economics. The first papers deal with the theoretical methods used in analyzing chaotic dynamics and the statistical tools to detect the presence of non-linearities in economic data. The following articles discuss the models which are currently being used to stimulate nonlinear economic phenomena. The final papers apply these methods to a number of economic time series.

Government-sponsored Research on Foreign Affairs

Government-sponsored Research on Foreign Affairs PDF Author:
Publisher:
ISBN:
Category : International relations
Languages : en
Pages : 44

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The Behavioral and Social Sciences

The Behavioral and Social Sciences PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309037492
Category : Science
Languages : en
Pages : 301

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Book Description
This volume explores the scientific frontiers and leading edges of research across the fields of anthropology, economics, political science, psychology, sociology, history, business, education, geography, law, and psychiatry, as well as the newer, more specialized areas of artificial intelligence, child development, cognitive science, communications, demography, linguistics, and management and decision science. It includes recommendations concerning new resources, facilities, and programs that may be needed over the next several years to ensure rapid progress and provide a high level of returns to basic research.

Agrindex

Agrindex PDF Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 854

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Western Journal of Agricultural Economics

Western Journal of Agricultural Economics PDF Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 684

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Book Description


Dissertation Abstracts International

Dissertation Abstracts International PDF Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 504

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Book Description


Safeguarding Food Security in Volatile Global Markets

Safeguarding Food Security in Volatile Global Markets PDF Author: Adam Prakash
Publisher: Bright Sparks
ISBN:
Category : Business & Economics
Languages : en
Pages : 620

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Book Description
A timely publication as world leaders deliberate the causes of the latest bouts of food price volatility and search for solutions that address the recent velocity of financial, economic, political, demographic, and climatic change. As a collection compiled from a diverse group of economists, analysts, traders, institutions and policy formulators - comprising multiple methodologies and viewpoints - the book exposes the impact of volatility on global food security, with particular focus on the world's most vulnerable.