{"product_id":"individual-forecasting-and-aggregate-outcomes-rational-expectations-examined-0521310954","title":"Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0521310954\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Frydman, Roman\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eGrowing out of a conference on Expectations Formation and Economic Disequilibrium held in New York City in 1981, the papers in this volume provide a complex view of market processes in which individual rationality is no guarantee of convergence to the 'correct' model and the equilibrium coordination of agents' plans. They reject the 'optimality' argument for the rational expectations hypothesis, opening the door to other hypotheses of optimal expectations of agents in the decentralized market economy.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51941687034144,"sku":"NEW0521310954","price":87.6,"currency_code":"USD","in_stock":false}],"url":"https:\/\/miakarts.com\/products\/individual-forecasting-and-aggregate-outcomes-rational-expectations-examined-0521310954","provider":"Miakarts Books","version":"1.0","type":"link"}