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Behavioral rationality and heterogeneous expectations in complex economic systems /
"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 e...
| Cote: | Libro Electrónico |
|---|---|
| Auteur principal: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
Cambridge :
Cambridge University Press,
2013.
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| Sujets: | |
| Accès en ligne: | Texto completo |
Table des matières:
- 1. Introduction
- 2. Bifurcations and chaos in 1-D systems
- 3. Bifurcations and strange attractors in 2-D systems
- 4. The nonlinear cobweb model
- 5. The cobweb model with heterogeneous expectations
- 6. An asset pricing model with heterogeneous beliefs
- 7. Empirical validation
- 8. Laboratory experiments.