Learning to Become Rational (English, Markus Zenner)
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Book Details
Publisher
Springer
Language
English
ISBN-13
9783540612797
ISBN-10
3540612793
Author
Markus Zenner
About the Book
1. 1 Rational Expectations and Learning to Become Rational A characteristic feature of dynamic economic models is that, if future states of the economy are uncertain, the expectations of agents mat- ter. Producers have to decide today which amount of a good they will produce not knowing what demand will be tomorrow. Consumers have to decide what they spend for consumption today not knowing what prices will prevail tomorrow. Adopting the neo-class…
ISBN: 9783540612797
ISBN-13: 9783540612797
ISBN-10: 3540612793
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Markus Zenner is the author of Learning to Become Rational. Browse more books by Markus Zenner on GlowMirror.
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Product ID: isbn-9783540612797
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