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Publication details
Verlag: Springer
Ort: Berlin
Jahr: 1998
Pages: 141-152
Reihe: Vienna Circle Institute Yearbook
ISBN (Hardback): 9789048149926
Volle Referenz:
, "Towards bounded rationality within rational expectations — some comments from an economic point of view", in: Game theory, experience, rationality, Berlin, Springer, 1998
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Towards bounded rationality within rational expectations — some comments from an economic point of view
pp. 141-152
in: Werner Leinfellner, Eckehart Köhler (eds), Game theory, experience, rationality, Berlin, Springer, 1998Abstrakt
Rationality has been a principle widely assumed in economics from early on. In contrast, rationality in the formation of economic expectations is rather new. Since the term "rational expectations" has meanwhile become a kind of slogan for diverse issues in economics as in related fields, there is some danger of authors' not always being aware of the true meaning of this technical term. Sometimes it is used, in a context where expectation formation about uncertain events is essential, as if rational expectations solved this fundamental problem.
Publication details
Verlag: Springer
Ort: Berlin
Jahr: 1998
Pages: 141-152
Reihe: Vienna Circle Institute Yearbook
ISBN (Hardback): 9789048149926
Volle Referenz:
, "Towards bounded rationality within rational expectations — some comments from an economic point of view", in: Game theory, experience, rationality, Berlin, Springer, 1998