Time Expectations And Uncertainty In Economics

Author : George Lennox Sharman Shackle
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.42/5 ( download)

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Download or read book Time, Expectations, and Uncertainty in Economics written by George Lennox Sharman Shackle and published by Edward Elgar Publishing. This book was released on 1990 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Time, Expectations and Uncertainty in Economics presents in one volume a selection of those papers which best represent Professor Shackle's important and lasting contribution to economics.

Author : Donald W. Katzner
Publisher : University of Michigan Press
ISBN 13 : 0472109383
Total Pages : 502 pages
Book Rating : 4.88/5 ( download)

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Download or read book Time, Ignorance, and Uncertainty in Economic Models written by Donald W. Katzner and published by University of Michigan Press. This book was released on 1998 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Formal economic analysis using Shackle's ideas of historical time and nonprobabilistic uncertainty

Author : G. L. S. Shackle
Publisher : Cambridge University Press
ISBN 13 : 9780521153317
Total Pages : 292 pages
Book Rating : 4.1X/5 ( download)

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Download or read book Uncertainty in Economics and Other Reflections written by G. L. S. Shackle and published by Cambridge University Press. This book was released on 2010-08-26 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of some of Professor Shackle's papers written between 1939 and 1953 is largely concerned with the problems of 'expectation' and 'uncertainty' and with reducing these universal factors to some sort of plausible rules. Also included are essays on interest rates, on investment and employment, and on the philosophy of economics. This book, by one of the finest economic writers of his time, will appeal to anyone with an interest in the history of economics.

Author : Jack Hirshleifer
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.53/5 ( download)

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Download or read book Time, Uncertainty, and Information written by Jack Hirshleifer and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jack Hirshleifer
Publisher : Wiley-Blackwell
ISBN 13 : 9780631162360
Total Pages : 306 pages
Book Rating : 4.64/5 ( download)

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Download or read book Time, Uncertainty, and Information written by Jack Hirshleifer and published by Wiley-Blackwell. This book was released on 1989-01-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Eric Barthalon
Publisher : Columbia University Press
ISBN 13 : 0231538308
Total Pages : 445 pages
Book Rating : 4.05/5 ( download)

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Download or read book Uncertainty, Expectations, and Financial Instability written by Eric Barthalon and published by Columbia University Press. This book was released on 2014-11-18 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eric Barthalon applies the neglected theory of psychological time and memory decay of Nobel Prize–winning economist Maurice Allais (1911–2010) to model investors' psychology in the present context of recurrent financial crises. Shaped by the behavior of the demand for money during episodes of hyperinflation, Allais's theory suggests economic agents perceive the flow of clocks' time and forget the past at a context-dependent pace: rapidly in the presence of persistent and accelerating inflation and slowly in the event of the opposite situation. Barthalon recasts Allais's work as a general theory of "expectations" under uncertainty, narrowing the gap between economic theory and investors' behavior. Barthalon extends Allais's theory to the field of financial instability, demonstrating its relevance to nominal interest rates in a variety of empirical scenarios and the positive nonlinear feedback that exists between asset price inflation and the demand for risky assets. Reviewing the works of the leading protagonists in the expectations controversy, Barthalon exposes the limitations of adaptive and rational expectations models and, by means of the perceived risk of loss, calls attention to the speculative bubbles that lacked the positive displacement discussed in Kindleberger's model of financial crises. He ultimately extrapolates Allaisian theory into a pragmatic approach to investor behavior and the natural instability of financial markets. He concludes with the policy implications for governments and regulators. Balanced and coherent, this book will be invaluable to researchers working in macreconomics, financial economics, behavioral finance, decision theory, and the history of economic thought.

Author : Frank H. Knight
Publisher : Cosimo, Inc.
ISBN 13 : 1602060053
Total Pages : 401 pages
Book Rating : 4.50/5 ( download)

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Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Author : David K. Levine
Publisher : Open Book Publishers
ISBN 13 : 1906924929
Total Pages : 154 pages
Book Rating : 4.28/5 ( download)

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Download or read book Is Behavioral Economics Doomed? written by David K. Levine and published by Open Book Publishers. This book was released on 2012 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, David K. Levine questions the idea that behavioral economics is the answer to economic problems. He explores the successes and failures of contemporary economics both inside and outside the laboratory, and asks whether popular behavioral theories of psychological biases are solutions to the failures. The book not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them.

Author : George Lennox Sharman Shackle
Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.08/5 ( download)

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Download or read book Time in Economics written by George Lennox Sharman Shackle and published by . This book was released on 1967 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : J.L. Ford
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.76/5 ( download)

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Download or read book Uncertainty and Expectations in Economics written by J.L. Ford and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: