Learning and Rationality in Economics - Hardcover

Inhaltsangabe

Bringing together specially commissioned chapters, this book examines how agents learn about the economic environment in which they operate and how they learn about the behaviour of other participants. The first part of the book presents surveys of the state of the art in the various approaches to this question. These range across evolution and survival of various types of behaviour, Bayesian learning and bounded rationality, and consider the consequences of the learning process from both an individual and social perspective. The second part analyzes different aspects of the learning process and its implications for economic activity.

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