Bounded rationality: static versus dynamic approaches
โ Scribed by Suren Basov
- Publisher
- Springer
- Year
- 2005
- Tongue
- English
- Weight
- 127 KB
- Volume
- 25
- Category
- Article
- ISSN
- 0938-2259
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
Static P(I) curves relating photosynthesis to the instantaneous light might not be adequate to describe the activity of algal cells in lakes or oceans where mixing can cause a complex pattern of light variation. In recent years experimental results have provided evidence that, subsequent to changes
The purpose of this paper is to develop a methodology which will use economic data to detect the existence of boundedly rational economic agents. The bounded rationality model presented in this paper generalizes a linear dynamic rational expectations model by nesting two types of expectations. In th