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Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures

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Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures - Sargent, Thomas J
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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 (or limited) 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 ...

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Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures 1994, Clarendon Press

ISBN-13: 9780198288695

Revised edition

Trade paperback

Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures 1993, Oxford University Press, USA, Oxford, England

ISBN-13: 9780198288640

Hardcover