Hommes, Carsien Harm Primary Author mixed material bibliography Cambridge Cambridge University 2013 en English

Text

xvii, 253 p. : Illust. ; 25 cm "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. Rational Expectations (Economic Theory) Economics--Psychological Aspects 330.019 9781107019294 e-Library Universitas Pertamina Be Global Leader 330.019 HOM b 1891/PUP/2016 Perpustakaan Universitas Pertamina 330.019 HOM b c.1 Behavioral_Rationality_and_Heterogeneous_Expectations_in_Complex_Economic_Systems.jpg.jpg 889 2017-06-02 14:38:03 2017-06-02 14:38:53 machine generated Economics