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Endogenous Economic Fluctuations

- Studies in the Theory of Rational Beliefs

Om Endogenous Economic Fluctuations

Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.

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  • Språk:
  • Engelska
  • ISBN:
  • 9783642082955
  • Format:
  • Häftad
  • Sidor:
  • 356
  • Utgiven:
  • 9. februari 2011
  • Utgåva:
  • 11997
  • Mått:
  • 155x235x19 mm.
  • Vikt:
  • 1170 g.
Leveranstid: 2-4 veckor
Förväntad leverans: 5. december 2024

Beskrivning av Endogenous Economic Fluctuations

Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.

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