Time Ignorance And Uncertainty In Economic Models
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Time Ignorance And Uncertainty In Economic Models
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Author : Donald W. Katzner
language : en
Publisher: University of Michigan Press
Release Date : 1998
Time Ignorance And Uncertainty In Economic Models written by Donald W. Katzner and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Formal economic analysis using Shackle's ideas of historical time and nonprobabilistic uncertainty
The Economics Of Time And Ignorance
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Author : Gerald P O'Driscoll Jnr
language : en
Publisher: Routledge
Release Date : 2002-09-11
The Economics Of Time And Ignorance written by Gerald P O'Driscoll Jnr and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Business & Economics categories.
The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
Austrian Economics Re Examined
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Author : Gerald P O'Driscoll Jr
language : en
Publisher: Routledge
Release Date : 2014-12-05
Austrian Economics Re Examined written by Gerald P O'Driscoll Jr and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-05 with Business & Economics categories.
Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Economics And The Antagonism Of Time
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Author : Douglas Vickers
language : en
Publisher: University of Michigan Press
Release Date : 1994
Economics And The Antagonism Of Time written by Douglas Vickers and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
A careful reconsideration of time in economics leads to a new paradigm of choice
Ignorance And Uncertainty
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Author : Olivier Compte
language : en
Publisher: Cambridge University Press
Release Date : 2018-08-31
Ignorance And Uncertainty written by Olivier Compte and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-31 with Business & Economics categories.
Born of a belief that economic insights should not require much mathematical sophistication, this book proposes novel and parsimonious methods to incorporate ignorance and uncertainty into economic modeling, without complex mathematics. Economics has made great strides over the past several decades in modeling agents' decisions when they are incompletely informed, but many economists believe that there are aspects of these models that are less than satisfactory. Among the concerns are that ignorance is not captured well in most models, that agents' presumed cognitive ability is implausible, and that derived optimal behavior is sometimes driven by the fine details of the model rather than the underlying economics. Compte and Postlewaite lay out a tractable way to address these concerns, and to incorporate plausible limitations on agents' sophistication. A central aspect of the proposed methodology is to restrict the strategies assumed available to agents.
The Economics Of Time And Ignorance
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Author : Gerald P. O'Driscoll
language : en
Publisher:
Release Date : 2002
The Economics Of Time And Ignorance written by Gerald P. O'Driscoll and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Austrian school of economics categories.
Uncertainty Within Economic Models
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Author : Lars Peter Hansen
language : en
Publisher: World Scientific Publishing Company Incorporated
Release Date : 2014
Uncertainty Within Economic Models written by Lars Peter Hansen and has been published by World Scientific Publishing Company Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
"Studying this work in real time taught me a lot, but seeing it laid out in conceptual, rather than chronological, order provides even clearer insights into the evolution of this provocative line of research. Hansen and Sargent are two of the best economists of our time, they are also among the most dedicated teachers in our profession. They have once again moved the research frontier, and with this book provide a roadmap for the rest of us to follow. This is a must-have for anyone interested in modeling uncertainty, ambiguity and robustness."Stanley E ZinWilliam R Berkley Professor of Economics and BusinessLeonard N Stern School of BusinessNew York UniversityWritten by Lars Peter Hansen (Nobel Laureate in Economics, 2013) and Thomas Sargent (Nobel Laureate in Economics, 2011), Uncertainty within Economic Models includes articles adapting and applying robust control theory to problems in economics and finance. This book extends rational expectations models by including agents who doubt their models and adopt precautionary decisions designed to protect themselves from adverse consequences of model misspecification. This behavior has consequences for what are ordinarily interpreted as market prices of risk, but big parts of which should actually be interpreted as market prices of model uncertainty. The chapters discuss ways of calibrating agents' fears of model misspecification in quantitative contexts.
Time Expectations And Uncertainty In Economics
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Author : George Lennox Sharman Shackle
language : en
Publisher: Edward Elgar Publishing
Release Date : 1990
Time Expectations And Uncertainty In Economics written by George Lennox Sharman Shackle and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
Time, Expectations and Uncertainty in Economics presents in one volume a selection of those papers which best represent Professor Shackle's important and lasting contribution to economics.
Time In Economics
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Author : George Lennox Sharman Shackle
language : en
Publisher:
Release Date : 1967
Time In Economics written by George Lennox Sharman Shackle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Decision-making categories.
Uncertainty In Economics
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Author : Peter A. Diamond
language : en
Publisher: Emerald Group Publishing
Release Date : 1989
Uncertainty In Economics written by Peter A. Diamond and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
The First Edition, published in 1978, brought together classic and modern thinking in the economics of uncertainty and provided the first text in the area. This Second Edition includes three new articles, added material on search theory, an additional preface, and updated references. Articles, introduced with brief commentaries, are divided into three broad sections: theory of choice under uncertainty, general equilibrium models of financial institutions, and models of the effects of uncertainty on market institutions.