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Bounded rationality in macroeconomics
Thomas J. Sargent
- 01 Jan 1993
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About: The article was published on 01 Jan 1993. and is currently open access. The article focuses on the topics: Bounded rationality.
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Citations
James Tobin: An Appreciation of his Contribution to Economics*
TL;DR: Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation.
Simulation models of technological innovation: a review
TL;DR: The use of simulation modelling techniques in studies of technological innovation dates back to Nelson and Winter's 1982 book "An Evolutionary Theory of Economic Change" and is an area which has been steadily expanding ever since as mentioned in this paper.
Bounded rationality and heterogeneity in economic dynamic models
Pietro Dindo
- 01 Jan 2007
TL;DR: In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website as mentioned in this paper, in case of legitimate complaints the material will be removed.
Asymptotic behavior of Bayesian learners with misspecified models
TL;DR: In this paper, the authors consider an agent who represents uncertainty about the environment via a possibly misspecified model, and they show that the key element to predict the agent's behavior is the frequency of her past actions.
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Adaptive beliefs and the volatility of asset prices
TL;DR: In this article, a simple model of an evolutionary financial market with heterogeneous agents is presented, where agents choose between different forecast rules based on past performance, resulting in an evolutionary dynamics across predictor choice coupled to the equilibrium dynamics.
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