Bounded Rationality in Macroeconomics
Bounded Rationality in Macroeconomics
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Summary
Focusing on a new development in economic theory which involves bounded or limited rationality, the author describes two laboratory experiments that test versions of his macroeconomic models. He analyzes some promising applications of the methods surveyed, as well as their limitations.
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Bounded Rationality in Macroeconomics by Sargent
Focusing on a new development in economic theory which involves bounded or limited rationality, the author describes two laboratory experiments that test versions of his macroeconomic models. He analyzes some promising applications of the methods surveyed, as well as their limitations.
The presentation is lucid and concise.. Those willing to join the search will find no better technical introduction than Sargent's book. * Journal of Economic Literature *
A lucid review of recent developments in the theory of "bounded rationality" ... a commendably concise, informative and, above all, interesting account of the very recent literature in dynamic economic theory. * JRSS *
The presentation is lucid and concise. Most macroeconomist readers will find the chapter on neural networks, genetic algorithms, and artificial intelligence particularly instructive ... Those willing to join the search will find no better technical introduction than Sargent's book. * Journal of Economic Literature *
A lucid review of recent developments in the theory of "bounded rationality" ... a commendably concise, informative and, above all, interesting account of the very recent literature in dynamic economic theory. * JRSS *
The presentation is lucid and concise. Most macroeconomist readers will find the chapter on neural networks, genetic algorithms, and artificial intelligence particularly instructive ... Those willing to join the search will find no better technical introduction than Sargent's book. * Journal of Economic Literature *
Thomas J. Sargent is the Berkley Professor of Economics and Business at New York University.
| SKU | Unavailable |
| ISBN 13 | 9780198288695 |
| ISBN 10 | 0198288697 |
| Title | Bounded Rationality in Macroeconomics |
| Author | Thomas J Sargent |
| Series | Clarendon Paperbacks |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Oxford University Press |
| Year published | 1993-10-21 |
| Number of pages | 200 |
| Prizes | Winner of Thomas J. Sargent is the recipient (with Christopher Sims) of the Nobel Prize in Economics 2011. |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |