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Individual Forecasting and Aggregate Outcomes
'Rational Expectations' Examined
Language
English
English
Book
Paperback
Growing out of a conference on Expectations Formation and Economic Disequilibrium held in New York C...
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Libristo code: 02027324
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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.
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About the book
Full name
Individual Forecasting and Aggregate Outcomes
Language
English
English
Binding
Book - Paperback
Date of issue
1986
Number of pages
250
EAN
9780521310956
ISBN
0521310954
Libristo code
02027324
Publishers
Cambridge University Press
Weight
344
Dimensions
156 x 224 x 12
Categories
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