A theory of adaptive economic behavior:

This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence tha...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Beteilige Person: Cross, John G. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Cambridge Cambridge University Press 1983
Schlagwörter:
Links:https://doi.org/10.1017/CBO9780511983856
https://doi.org/10.1017/CBO9780511983856
https://doi.org/10.1017/CBO9780511983856
Zusammenfassung:This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest. The author applies this viewpoint to a number of problem areas in which literal applications of maximization theory have not usually proved to be satisfactory. These include analyses of decision-making under uncertainty and gambling behaviour, the role of consumer-oriented advertising in influencing behaviour, the persistence of price dispersions in markets, and inflation
Beschreibung:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Umfang:1 online resource (viii, 199 pages)
ISBN:9780511983856
DOI:10.1017/CBO9780511983856