[内容简介]
‘To a significant extent, the book is at the cutting edge of much economic thinking in microeconomics. . . it brings together nicely material on uncertainty, expectations and cognitive limitations and relates this to recent work in experimental economics’? Geoffrey M. Hodgson, University of Hertfordshire, UK‘For more than 200 years, economists have debated the microfoundations of their science. There is only one way forward and that is to carefully examine the nature and the rationality of deci
[目次]
Contents: Preface Part I
1. Markets and Expectations
2. Expected Utility Maximization
3. Effects of Heterogeneous Expectations
4. Forecasting Among Alternative Strategies under Uncertainty
5. Expectations in Time Series Models Part II
6. Costly Information and Decision Making
7. Applied Welfare Economics with Boundedly Rational Expectations
8. Pattern Recognition as Basis of Expectations
9. Pattern Based Expectations and Financial Markets
10. Anticipations and Coordination Failures
11. Money, Transactions and Expectations References Index