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A Theory of Adaptive Economic Behavior - Hardcover

 
9780521251105: A Theory of Adaptive Economic Behavior

Synopsis

This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest. The author applies this viewpoint to a number of problem areas in which literal applications of maximization theory have not usually proved to be satisfactory. These include analyses of decision-making under uncertainty and gambling behaviour, the role of consumer-oriented advertising in influencing behaviour, the persistence of price dispersions in markets, and inflation.

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Book Description

This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest.

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9780521067119: A Theory of Adaptive Econ Behavior

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ISBN 10:  0521067111 ISBN 13:  9780521067119
Publisher: Cambridge University Press, 2008
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Cross, John G.
Published by Cambridge University Press, 1983
ISBN 10: 0521251109 ISBN 13: 9780521251105
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ISBN 10: 0521251109 ISBN 13: 9780521251105
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Cross, J. G.
Published by Cambridge University Press, 1983
ISBN 10: 0521251109 ISBN 13: 9780521251105
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Condition: Fair. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. Clean from markings. In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,500grams, ISBN:0521251109. Seller Inventory # 9478586

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gebundene Ausgabe. Condition: Gut. 199 Seiten Der Erhaltungszustand des hier angebotenen Werks ist trotz seiner Bibliotheksnutzung sehr sauber und kann entsprechende Merkmale aufweisen (Rückenschild, Instituts-Stempel.). Original-Schutzumschlag vorhanden (siehe Foto). In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 460. Seller Inventory # 2160480

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Cross, John G.
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