Learning to Become Rational: The Case Of Self-Referential Autoregressive And Non-Stationary Models (Lecture Notes In Economics And Mathematical Systems): 439 - Brossura
Sinossi
1. 1 Rational Expectations and Learning to Become Rational A characteristic feature of dynamic economic models is that, if future states of the economy are uncertain, the expectations of agents mat ter. Producers have to decide today which amount of a good they will produce not knowing what demand will be tomorrow. Consumers have to decide what they spend for consumption today not knowing what prices will prevail tomorrow. Adopting the neo-classical point of view that economic agents are 'rational' in the sense that they behave in their own best interest given their expectations about future states of the ecomomy it is usually assumed that agents are Bayesian deci sion makers. But, as LUCAS points out, there remains an element of indeterminacy: Unfortunately, the general hypothesis that economic agents are Bayesian decision makers has, in many applications, lit tle empirical content: without some way of infering what an agent's subjective view of the future is, this hypothesis is of no help in understanding his behavior. Even psychotic behavior can be (and today, is) understood as "rational", given a sufficiently abnormal view of relevant probabili ties. To practice economics, we need some way (short of psychoanalysis, one hopes) of understanding which decision problem agents are solving. (LucAs (1977, p. 15)) 2 CHAPTER 1. INTRODUCTION 1. 1.
Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.
Contenuti
Contents: Introduction.- Univariate AR(1) Models.- Unvariate ARX Models.- Unvariate Non-Stationary Models.- Multivariate ARX Models.- Multivariate Non-Stationary Models.- Appendix: Unvariate Autoregressions with Time-Varying Parameters.
Product Description
Book by Zenner Markus
Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.
Risultati della ricerca per Learning to Become Rational: The Case Of Self-Referential...
Immagini fornite dal venditore
Learning to Become Rational : The Case of Self-Referential Autoregressive and Non-Stationary Models
Da: GreatBookPrices, Columbia, MD, U.S.A.
Valutazione del venditore 5 su 5 stelle
Condizione: As New. Unread book in perfect condition. Codice articolo 21286398
Compra usato
EUR 59,76
Spedizione EUR 2,27
Spedito in U.S.A.
Spedito in U.S.A.
Quantità: 15 disponibili
Foto dell'editore
Learning to Become Rational: The Case of Self-Referential Autoregressive and Non-Stationary Models (Lecture Notes in Economics and Mathematical Systems, 439)
Da: Ria Christie Collections, Uxbridge, Regno Unito
Valutazione del venditore 5 su 5 stelle
Condizione: New. In. Codice articolo ria9783540612797_new
Compra nuovo
EUR 60,48
Spedizione EUR 13,85
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: Più di 20 disponibili
Foto dell'editore
Learning to Become Rational: The Case Of Self-Referential Autoregressive And Non-Stationary Models (Lecture Notes In Economics And Mathematical Systems)
Da: Chiron Media, Wallingford, Regno Unito
Valutazione del venditore 5 su 5 stelle
Paperback. Condizione: New. Codice articolo 6666-IUK-9783540612797
Compra nuovo
EUR 56,90
Spedizione EUR 17,90
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: 10 disponibili
Immagini fornite dal venditore
Learning to Become Rational
Editore:
Springer Berlin Heidelberg Jul 1996, 1996
ISBN 10: 3540612793
ISBN 13: 9783540612797
Nuovo
Taschenbuch
Da: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germania
Valutazione del venditore 5 su 5 stelle
Taschenbuch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -1. 1 Rational Expectations and Learning to Become Rational A characteristic feature of dynamic economic models is that, if future states of the economy are uncertain, the expectations of agents mat ter. Producers have to decide today which amount of a good they will produce not knowing what demand will be tomorrow. Consumers have to decide what they spend for consumption today not knowing what prices will prevail tomorrow. Adopting the neo-classical point of view that economic agents are 'rational' in the sense that they behave in their own best interest given their expectations about future states of the ecomomy it is usually assumed that agents are Bayesian deci sion makers. But, as LUCAS points out, there remains an element of indeterminacy: Unfortunately, the general hypothesis that economic agents are Bayesian decision makers has, in many applications, lit tle empirical content: without some way of infering what an agent's subjective view of the future is, this hypothesis is of no help in understanding his behavior. Even psychotic behavior can be (and today, is) understood as 'rational', given a sufficiently abnormal view of relevant probabili ties. To practice economics, we need some way (short of psychoanalysis, one hopes) of understanding which decision problem agents are solving. (LucAs (1977, p. 15)) 2 CHAPTER 1. INTRODUCTION 1. 1. 216 pp. Englisch. Codice articolo 9783540612797
Compra nuovo
EUR 53,49
Spedizione EUR 23,00
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: 2 disponibili
Immagini fornite dal venditore
Learning to Become Rational : The Case of Self-Referential Autoregressive and Non-Stationary Models
Da: GreatBookPrices, Columbia, MD, U.S.A.
Valutazione del venditore 5 su 5 stelle
Condizione: New. Codice articolo 21286398-n
Compra nuovo
EUR 74,23
Spedizione EUR 2,27
Spedito in U.S.A.
Spedito in U.S.A.
Quantità: 15 disponibili
Immagini fornite dal venditore
Learning to Become Rational : The Case of Self-Referential Autoregressive and Non-Stationary Models
Da: GreatBookPricesUK, Woodford Green, Regno Unito
Valutazione del venditore 5 su 5 stelle
Condizione: New. Codice articolo 21286398-n
Compra nuovo
EUR 59,86
Spedizione EUR 17,34
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: Più di 20 disponibili
Immagini fornite dal venditore
Learning to Become Rational : The Case of Self-Referential Autoregressive and Non-Stationary Models
Da: GreatBookPricesUK, Woodford Green, Regno Unito
Valutazione del venditore 5 su 5 stelle
Condizione: As New. Unread book in perfect condition. Codice articolo 21286398
Compra usato
EUR 65,78
Spedizione EUR 17,34
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: Più di 20 disponibili
Immagini fornite dal venditore
Learning to Become Rational: The Case of Self-Referential Autoregressive and Non-Stationary Models (Paperback or Softback)
Editore:
Springer 7/12/1996, 1996
ISBN 10: 3540612793
ISBN 13: 9783540612797
Nuovo
Paperback or Softback
Da: BargainBookStores, Grand Rapids, MI, U.S.A.
Valutazione del venditore 5 su 5 stelle
Paperback or Softback. Condizione: New. Learning to Become Rational: The Case of Self-Referential Autoregressive and Non-Stationary Models. Book. Codice articolo BBS-9783540612797
Compra nuovo
EUR 84,31
Spedizione gratuita
Spedito in U.S.A.
Spedito in U.S.A.
Quantità: 5 disponibili
Foto dell'editore
Learning to Become Rational: The Case of Self-Referential Autoregressive and Non-Stationary Models
Da: Revaluation Books, Exeter, Regno Unito
Valutazione del venditore 5 su 5 stelle
Paperback. Condizione: Brand New. 1996 edition. 201 pages. 9.50x6.25x0.50 inches. In Stock. Codice articolo x-3540612793
Compra nuovo
EUR 79,84
Spedizione EUR 14,45
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: 2 disponibili
Immagini fornite dal venditore
Learning to Become Rational
Da: moluna, Greven, Germania
Valutazione del venditore 5 su 5 stelle
Condizione: New. Codice articolo 4895549
Compra nuovo
EUR 48,37
Spedizione EUR 48,99
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: Più di 20 disponibili