Ignorance and Uncertainty

por Compte, Olivier; Postlewaite, Andrew
Ignorance and Uncertainty
Compartir en:

valoración (0 valoraciones)
Comenta y valora este libro

ISBN: 978-1-108-43449-2
Editorial: Cambridge University Press
Fecha de la edición: 2019
idioma: Ingles
Encuadernación:
Nº Pág.: 320

pvp.38.70 €

[Disponible entre 11 y 20 dias]


Resumen del libro

Reseña: 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.
indice: Introduction Part I. Modeling Challenges: 1. Action space 2. Ignorance and uncertainty 3. Observations, perceptions and strategies 4. Strategies and strategy restrictions 5. Knowledge and beliefs Part II. Legends and Myths: 6. Information aggregation 7. Mechanism design 8. Surplus extraction 9. Folk theorems 10. Comparative statics Part III. Applications: 11. Auctions 12. Learning 13. Reputation 14. Cooperation 15. Influence 16. Information aggregation in markets 17. Bargaining 18. Attrition 19. Reputation 20. Coordination 21. Ambiguity and other complexity related aversions Miscellanea Index.

Publicidad:



Ecobook recomienda

Dominar la econometría "El camino entre el efecto y la causa"

La econometría aplicada es la ciencia de los datos en su estado original, y engloba los métodos estadísticos que se usan en economía para desentrañar causas y efectos de las actividades humanas. Con un lenguaje ...

pvp.26.90 €


Python "Con aplicaciones a las matemáticas, ingeniería y finanzas"

En esta obra se presenta el lenguaje de programación Python desde sus conceptos y características básicas, hasta el desarrollo de programas con un alto nivel de complejidad. De acuerdo con este propósito en el libro ...

pvp.15.40 €



Publicidad: