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Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined Frydman R Oman
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Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined
Frydman R Oman
The papers in this volume provide a complex view of market processes in which individual rationality is no guarantee of convergence to the 'correct' model and the equilibrium coordination of agents' plans. They reject the 'optimality' argument for the rational expectations hypothesis, opening the door to other hypotheses of optimal expectations of agents in the decentralized market economy.
256 pages, d.tabs.
| Medios de comunicación | Libros Paperback Book (Libro con tapa blanda y lomo encolado) |
| Publicado | 2 de octubre de 1986 |
| ISBN13 | 9780521310956 |
| Editores | Cambridge University Press |
| Páginas | 250 |
| Dimensiones | 156 × 224 × 12 mm · 344 g |
| Lengua | Inglés |
| Editor | Frydman, Roman |
| Editor | Phelps, Edmund S. |
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