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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Hommes, Carsien Harm (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge : Cambridge University Press, 2013.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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.