Bibliograph

Individual forecasting and aggregate outcomes, "rational expectations" examined, edited by Roman Frydman and Edmund S. Phelps

Type

Label

Individual forecasting and aggregate outcomes, "rational expectations" examined, edited by Roman Frydman and Edmund S. Phelps

Language

eng

Index

index present

Literary Form

non fiction

Main title

Individual forecasting and aggregate outcomes

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

818786217

Responsibility statement

edited by Roman Frydman and Edmund S. Phelps

Series statement

Cambridge Social Sciences eBooks

Sub title

"rational expectations" examined

Summary

Growing out of a conference on Expectations Formation and Economic Disequilibrium held in New York City in 1981, 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.--, Provided by publisher

resource.variantTitle

Individual Forecasting & Aggregate Outcomes

Contributor

Subject

Content