| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26922 |
| 来源ID | Working Paper 26922 |
| Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents | |
| Giovanni Dosi; Mauro Napoletano; Andrea Roventini; Joseph E. Stiglitz; Tania Treibich | |
| 发表日期 | 2020-04-06 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | 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, imperfect information, coordination hurdles and structural breaks. In these circumstances, we find that neither individual nor macroeconomic dynamics improve when agents replace myopic expectations with less naïve learning rules. Our results suggest that fast and frugal robust heuristics may not be a second-best option but rather “rational” responses in complex and changing macroeconomic environments. |
| 主题 | Microeconomics ; Mathematical Tools ; Economics of Information ; Macroeconomics ; Business Cycles ; Fiscal Policy ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w26922 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584595 |
| 推荐引用方式 GB/T 7714 | Giovanni Dosi,Mauro Napoletano,Andrea Roventini,et al. Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26922.pdf（918KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
