Bounded Rationality in Macroeconomics
The Arne Ryde Memorial Lectures
Format:Paperback
Publisher:Oxford University Press
Published:21st Oct '93
Currently unavailable, and unfortunately no date known when it will be back
This is a survey of bounded rationality, an area of theoretical macroeconomics which is receiving increased attention. The book is written by a leading macroeconomist who outlines the issues involved, describes some of the analytic tools that are being used, and shows how they can be applied in a range of models. It points to further potential positive developments of the theory as well as some of its limitations.
The presentation is lucid and concise ... Those willing to join the search will find no better technical introduction than Sargent's book. * Journal of Economic Literature *
A lucid review of recent developments in the theory of "bounded rationality" ... a commendably concise, informative and, above all, interesting account of the very recent literature in dynamic economic theory. * JRSS *
The presentation is lucid and concise. Most macroeconomist readers will find the chapter on neural networks, genetic algorithms, and artificial intelligence particularly instructive ... Those willing to join the search will find no better technical introduction than Sargent's book. * Journal of Economic Literature *
- Winner of Thomas J. Sargent is the recipient (with Christopher Sims) of the Nobel Prize in Economics 2011.
ISBN: 9780198288695
Dimensions: 216mm x 138mm x 15mm
Weight: 301g
200 pages