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English

Hardcover • 2014 • 1. edition
By Lars Peter Hansen, Thomas J. Sargent
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About the book
Written by Lars Peter Hansen (Nobel Laureate in Economics, 2013) and Thomas Sargent (Nobel Laureate in Economics, 2011), Uncertainty within Economic Models includes articles 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 w...Show more
Book details
ISBN
9789814578110
Publisher
World Scientific Publishing Co Pte Ltd
Published year
2014
Language
Edition
1
Original title
Uncertainty Within Economic Models
Format
Hardcover
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