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Ignorance and Uncertainty
Engelsk
Bogcover for Ignorance and Uncertainty af Olivier Compte, Andrew Postlewaite, 9781108434492
Specifikationer
Sprog:
Engelsk
Sider:
300
ISBN-13:
9781108434492
Indbinding:
Paperback
ISBN-10:
1108434495
Kategori:
Udg. Dato:
13 dec 2018
Størrelse i cm:
22,7 x 15,3 x 2,0
Oplagsdato:
13 dec 2018

Ignorance and Uncertainty

Engelsk
Paperback 2018
Format:

Bog beskrivelse
Born of a belief that economic insights should not require much mathematical sophistication, this book proposes novel and parsimonious methods to incorporate ignorance and uncertainty into economic modeling, without complex mathematics. Economics has made great strides over the past several decades in modeling agents'' decisions when they are incompletely informed, but many economists believe that there are aspects of these models that are less than satisfactory. Among the concerns are that ignorance is not captured well in most models, that agents'' presumed cognitive ability is implausible, and that derived optimal behavior is sometimes driven by the fine details of the model rather than the underlying economics. Compte and Postlewaite lay out a tractable way to address these concerns, and to incorporate plausible limitations on agents'' sophistication. A central aspect of the proposed methodology is to restrict the strategies assumed available to agents.
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Specifikationer
Sprog:
Engelsk
Sider:
300
ISBN-13:
9781108434492
Indbinding:
Paperback
ISBN-10:
1108434495
Kategori:
Udg. Dato:
13 dec 2018
Størrelse i cm:
22,7 x 15,3 x 2,0
Oplagsdato:
13 dec 2018
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