Expectations, Rationality and Economic Performance: Models and Experiments

by Tobias F. Rotheli and Tobias F. R

This book offers a broad perspective on the economics of expectations. Experimental studies are used to analyse how human bounded rationality affects economic performance. The challenges posed for policy making are also addressed. Tobias Rotheli begins by presenting the basic tools and theoretical models necessary to our understanding of rational and boundedly rational expectations and their role in economic life. Key topics discussed include expectations...

• Format: Hardcover
• Language: English
• ISBN: 1845427424
• ISBN13: 9781845427429
• Release Date: July 2007
• Publisher: Edward Elgar Publishing
• Length: 224 Pages