Ponad 4 miliony tytułów w języku angielskim i innych językach! Odkryj swoją nową historię już dziś!

Contingent Expectations

Name: Contingent Expectations
Brand: Princeton University Press
SKU: 9780691248530
Price: 193.34 PLN
Availability: InStock

Uncertainty, Risk, and Economic Behavior in Historical Perspective

Autor: Alexander Nutzenadel, Jochen Streb

Język:

Oprawa: Twarda

Wydawca: Princeton University Press

Dostępność: Dostępna u dostawcy

Wysyłamy za 9-15 dni

193.34 zł

An empirical analysis and new theoretical framework for understanding economic expectations and deci...

Informacje o książce

Autor

Alexander Nutzenadel, Jochen Streb

Język

Angielski

Oprawa

Książka - Twarda

Data wydania

2026

strony

288

EAN

9780691248530

Enbook ID

49770859

Wydawca

Princeton University Press

Waga

666

Wymiary

156 x 235

Pełny opis

An empirical analysis and new theoretical framework for understanding economic expectations and decision-making in different historical settings. Expectations play a crucial role in shaping economic behavior. But how are expectations actually formed, and how has this changed over time? The financial crisis of 2007–08 cast doubt on traditional theories of expectation formation, particularly the rational expectations framework. In Contingent Expectations, Alexander Nützenadel and Jochen Streb examine the ways that past experiences influence the economic expectations and decision-making of households, investors, and policymakers through history, and offer an alternative perspective. Combining a comprehensive empirical analysis of expectation formation from the eighteenth century to the present day with an assessment of the relevant economic theory, Nützenadel and Streb present a new theoretical framework, contingent expectations, for understanding economic expectation. Nützenadel and Streb show how economic actors developed new forecasting methods in response to rising uncertainty brought on by the Industrial Revolution, the expansion of global trade, financial market integration, and environmental crises. Tracing the evolution of economic theories on expectations, they find that when growing market volatility made forecasting more complex, economic agents often adapted with remarkable flexibility to changing circumstances. Challenging prevailing concepts of expectations, including rational choice and adaptive expectations, Nützenadel and Streb emphasize the heterogeneity of economic agents’ cognitive practices—in particular, the need to consider variation in information costs and historical experience. Expectation formation, they argue, is contingent on each individual’s current decision-making situation. Their account of the history of economic expectations has significant implications for current debates in economics.

Najczęściej wyszukiwane

Categories

Authors

Publishers

Produkty

Produkty

Najczęściej wyszukiwane

Categories

Authors

Publishers

Produkty

Produkty

Contingent Expectations

Uncertainty, Risk, and Economic Behavior in Historical Perspective

Informacje o książce

Pełny opis

Możesz być zainteresowany

Klienci, którzy kupili tę książkę, kupili również