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Uncertainty Within Economic Models

Jezik EngleskiEngleski
Knjiga Tvrdi uvez
Knjiga Uncertainty Within Economic Models Thomas J. Sargent
Libristo kod: 05071206
Nakladnici World Scientific Publishing Co Pte Ltd, studeni 2014
Uncertainty within Economic Models is a collection of papers adapting and applying robust control th... Cijeli opis
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Uncertainty within Economic Models is a collection of papers 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.

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Informacije o knjizi

Puni naziv Uncertainty Within Economic Models
Autor Thomas J. Sargent, Lars Peter Hansen
Jezik Engleski
Uvez Knjiga - Tvrdi uvez
Datum izdanja 2014
Broj stranica 484
EAN 9789814578110
ISBN 9814578118
Libristo kod 05071206
Nakladnici World Scientific Publishing Co Pte Ltd
Težina 854
Dimenzije 157 x 236 x 30

Kategorija

Economics, Finance, Business & Management > Economics > Econometrics & economic statistics
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