Expectations, rationality and economic performance : models and experiments

Markets and expectations -- Expected utility maximization -- Effects of heterogeneous expectations -- Forecasting among alternative strategies under uncertainty -- Expectations in time series models -- Costly information and decision making -- Applied welfare economics with boundedly rational expect...
Ausführliche Beschreibung

Markets and expectations -- Expected utility maximization -- Effects of heterogeneous expectations -- Forecasting among alternative strategies under uncertainty -- Expectations in time series models -- Costly information and decision making -- Applied welfare economics with boundedly rational expectations -- Pattern recognition as basis of expectations -- Pattern-based expectations and financial markets -- Anticipation and coordination failures -- Money, transactions and expectations. Ausführliche Beschreibung