Bounded Rationality in Macroeconomics: The Arne Ryde Memorial LecturesClarendon Press, 1993 - 184 Seiten How do people behave in new situations in which previous experience is not useful? The recent changes in Eastern Europe, for example, are unprecedented and there is not an available model on which to base the mechanisms that will govern the economics in this region. The concept of "bounded (orlimited) rationality" is being developed to analyze behavior in such situations. In this book Thomas Sargent describes and interprets the recent work in the area, especially in statistics, econometrics, networks and artificial intelligence. He focuses on examples designed to illustrate the issuesinvolved and the kinds of questions that are being asked and answered in this research. He points to further potential positive developments of the theory as well as some of its limitations. |
Im Buch
Ergebnisse 1-3 von 24
Seite 3
... literature . I also mention John Holland's genetic algorithm and classifier system and how they compare with least squares meth- ods familiar to economists . It is from the store of methods built up in these literatures that we shall ...
... literature . I also mention John Holland's genetic algorithm and classifier system and how they compare with least squares meth- ods familiar to economists . It is from the store of methods built up in these literatures that we shall ...
Seite 54
... literature and his own , in terms of problems and the methods . The connections between the literatures on neural networks and econometrics provide additional perspective on our characteri- zation of bounded rationality as a program to ...
... literature and his own , in terms of problems and the methods . The connections between the literatures on neural networks and econometrics provide additional perspective on our characteri- zation of bounded rationality as a program to ...
Seite 81
... literature has some intriguing simulation examples in which different degrees of generalization have emerged in ... literatures that we have surveyed in this chapter and the econometrics and statistics literatures de- scribed in the ...
... literature has some intriguing simulation examples in which different degrees of generalization have emerged in ... literatures that we have surveyed in this chapter and the econometrics and statistics literatures de- scribed in the ...
Inhalt
INTRODUCTION | 1 |
DATA STRUCTURES | 35 |
Estimated parameters | 45 |
Urheberrecht | |
10 weitere Abschnitte werden nicht angezeigt.
Andere Ausgaben - Alle anzeigen
Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures Thomas J. Sargent Keine Leseprobe verfügbar - 1993 |
Häufige Begriffe und Wortgruppen
adaptive agents adaptive expectations approximation algorithm Arifovic assume behavior beliefs bounded rationality boundedly rational agents Bray's model classifier system coefficients compute conditional expectation convergence covariance decision rules describe determined econometricians econometrics economists economy encode environment estimate Euler equation example exchange rate Federal Reserve Figure fixed point forecast function G₁ genetic algorithm Hopfield network inflation rate initial conditions iteration Kiyotaki law of motion least squares learning linear literature Marcet and Sargent Marimon and Sunder matrix methods neural networks neuron Newton's method no-trade theorem nonlinear optimal orthogonal perceptron period Phillips curve population price level problem rate of return rational expectations dynamics rational expectations equilibrium rational expectations models recursive regime regression rest points return on currency sample saving rates Sims simulation solving stationary equilibrium stochastic approximation stochastic approximation algorithm stochastic process studied theory tions trade vector autoregression w₁
Verweise auf dieses Buch
Bounded Rationality: The Adaptive Toolbox Gerd Gigerenzer,Reinhard Selten Eingeschränkte Leseprobe - 2002 |