Endogenous Economic Fluctuations
Studies in the Theory of Rational Beliefs
Häftad, Engelska, 2011
Del i serien Studies in Economic Theory
1 635 kr
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Beskrivning
Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.
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