Rational heuristics? Expectations and behaviors in evolving economies with heterogeneous interacting agents

"We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change, i...

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Bibliographic Details
Main Authors: Dosi, Giovanni, Napoletano, Mauro, Roventini, Andrea, Stiglitz, Joseph E., Treibich, Tania
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Paris 2017
OFCE
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19395857124911130399-Rational-heuristics?-expectati.htm

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