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Information Choice in Macroeconomics and Finance /

Most theories in economics and finance predict what people will do, given what they know about the world around them. But what do people know about their environments? The study of information choice seeks to answer this question, explaining why economic players know what they know--and how the info...

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Detalles Bibliográficos
Autor principal: Veldkamp, Laura L.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton : Princeton University Press, 2011.
Colección:Book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Information Choice in Macroeconomics and Finance /   |c Laura L. Veldkamp. 
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264 3 |a Baltimore, Md. :  |b Project MUSE,   |c 2020 
264 4 |c ©2011. 
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505 0 |a Preliminaries -- Why study information choice? -- Bayesian updating -- Measuring information flows -- Games with heterogeneous information -- Information choice with complementarity in actions -- Disclosing public information -- Informational inertia and price-setting -- Information choice with substitutability in actions -- Information choice and investment choice -- Returns to scale in information -- Information as an aggregate shock -- Measurement -- Testing Information Theories. 
520 |a Most theories in economics and finance predict what people will do, given what they know about the world around them. But what do people know about their environments? The study of information choice seeks to answer this question, explaining why economic players know what they know--and how the information they have affects collective outcomes. Instead of assuming what people do or don't know, information choice asks what people would choose to know. Then it predicts what, given that information, they would choose to do. In this textbook, Laura Veldkamp introduces graduate students in economics and finance to this important new research. The book illustrates how information choice is used to answer questions in monetary economics, portfolio choice theory, business cycle theory, international finance, asset pricing, and other areas. It shows how to build and test applied theory models with information frictions and it covers recent work on topics such as rational inattention, information markets, and strategic games with heterogeneous information. 
546 |a English. 
588 |a Description based on print version record. 
650 7 |a Information resources.  |2 fast  |0 (OCoLC)fst00972599 
650 7 |a Finance  |x Decision making.  |2 fast  |0 (OCoLC)fst00924372 
650 7 |a Choice (Psychology)  |2 fast  |0 (OCoLC)fst00858327 
650 7 |a BUSINESS & ECONOMICS / Finance  |2 bisacsh 
650 7 |a POLITICAL SCIENCE  |x Economic Conditions.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Economics  |x Macroeconomics.  |2 bisacsh 
650 6 |a Macroeconomie  |x Prise de decision. 
650 6 |a Finances  |x Prise de decision. 
650 6 |a Sources d'information. 
650 6 |a Choix (Psychologie) 
650 2 |a Choice Behavior 
650 0 |a Macroeconomics  |x Decision making. 
650 0 |a Information resources. 
650 0 |a Finance  |x Decision making. 
650 0 |a Choice (Psychology) 
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945 |a Project MUSE - Archive Political Science and Policy Studies Supplement VIII