UNCERTAINTY WITHIN ECONOMIC MODELS(WORLD SCIENTIFIC SERIES IN ECONOMIC THEORY)

经济模型中的不确定性

数量经济学

原   价:
1895.00
售   价:
1421.00
发货周期:预计3-5周发货
作      者
出  版 社
出版时间
2014年09月10日
装      帧
精装
ISBN
9789814578110
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页      码
484
语      种
英文
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图书简介
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. Key Features: • A collection of papers adapting and applying robust control theory to problems in economics and finance • Brings together works by two active researchers in the field and their coauthors • Includes an introduction to link the papers and tell how they fit within broader efforts to improve macroeconomic and finance theories
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Harvard Library
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