LEADER 03716nam 22006612 450 001 9910462803103321 005 20151005020621.0 010 $a1-139-61048-1 010 $a1-107-23551-0 010 $a1-139-60885-1 010 $a1-139-61234-4 010 $a1-139-62164-5 010 $a1-283-98666-3 010 $a1-139-62536-5 010 $a1-139-09427-0 010 $a1-139-61606-4 035 $a(CKB)2670000000326618 035 $a(EBL)1099878 035 $a(OCoLC)827212240 035 $a(SSID)ssj0000819484 035 $a(PQKBManifestationID)11447011 035 $a(PQKBTitleCode)TC0000819484 035 $a(PQKBWorkID)10844821 035 $a(PQKB)11642451 035 $a(UkCbUP)CR9781139094276 035 $a(MiAaPQ)EBC1099878 035 $a(Au-PeEL)EBL1099878 035 $a(CaPaEBR)ebr10645668 035 $a(CaONFJC)MIL429916 035 $a(EXLCZ)992670000000326618 100 $a20110601d2013|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aBehavioral rationality and heterogeneous expectations in complex economic systems /$fCars Hommes, University of Amsterdam center of nonlinear dynamics in economics and finance (CeNDEF), Amsterdam school of Economics and Tinbergen Institute$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2013. 215 $a1 online resource (xvii, 253 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a1-107-56497-2 311 $a1-107-01929-X 320 $aIncludes bibliographical references and index. 327 $aMachine generated contents note: 1. Introduction; 2. Bifurcations and chaos in 1-D systems; 3. Bifurcations and strange attractors in 2-D systems; 4. The nonlinear cobweb model; 5. The cobweb model with heterogeneous expectations; 6. An asset pricing model with heterogeneous beliefs; 7. Empirical validation; 8. Laboratory experiments. 330 $aRecognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments. The complexity modeling paradigm has been strongly advocated since the late 1980s by some economists and by multidisciplinary scientists from various fields, such as physics, computer science and biology. More recently the complexity view has also drawn the attention of policy makers, who are faced with complex phenomena, irregular fluctuations and sudden, unpredictable market transitions. The complexity tools - bifurcations, chaos, multiple equilibria - discussed in this book will help students, researchers and policy makers to build more realistic behavioral models with heterogeneous expectations to describe financial market movements and macro-economic fluctuations, in order to better manage crises in a complex global economy. 517 3 $aBehavioral Rationality & Heterogeneous Expectations in Complex Economic Systems 606 $aRational expectations (Economic theory) 606 $aEconomics$xPsychological aspects 615 0$aRational expectations (Economic theory) 615 0$aEconomics$xPsychological aspects. 676 $a330.01/9 700 $aHommes$b Carsien Harm$0281059 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910462803103321 996 $aBehavioral rationality and heterogeneous expectations in complex economic systems$92476295 997 $aUNINA