Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems
Hommes, Cars (Universiteit van Amsterdam)
Description
Recognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioural rationality and heterogeneous expectations in economic systems, helping students, researchers and policy makers to build more realistic behavioural models in order to better manage crises in a complex global economy.
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