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Description Ignorance and Uncertainty: 61 (Econometric Society Monographs, Series Number 61)

Born of a belief that economic insights should not require much mathematical sophistication, this book proposes novel and parsimonious methods to incorporate ignorance and uncertainty into economic modeling, without complex mathematics. Economics has made great strides over the past several decades in modeling agents' decisions when they are incompletely informed, but many economists believe that there are aspects of these models that are less than satisfactory. Among the concerns are that ignorance is not captured well in most models, that agents' presumed cognitive ability is implausible, and that derived optimal behavior is sometimes driven by the fine details of the model rather than the underlying economics. Compte and Postlewaite lay out a tractable way to address these concerns, and to incorporate plausible limitations on agents' sophistication. A central aspect of the proposed methodology is to restrict the strategies assumed available to agents.

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Ignorance and Uncertainty by Olivier Compte ~ Books; Ignorance and Uncertainty; Ignorance and Uncertainty. Ignorance and Uncertainty. Get access. . Series: Econometric Society Monographs (61) Export citation Recommend to librarian . Book summary views reflect the number of visits to the book and chapter landing pages.

Econometric Society Monographs - Cambridge Core ~ The Econometric Society Monographs series is designed to promote the publication of original research contributions of high quality in economic theory and theoretical and applied econometrics. The editors of the Monographs series now welcome focused manuscripts of 100 to 150 pages that treat or survey cutting-edge or perennially important topics.

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Ignorance and Uncertainty : Olivier Compte : 9781108434492 ~ Ignorance and Uncertainty by Olivier Compte, 9781108434492, available at Book Depository with free delivery worldwide.

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Ignorance and uncertainty (Book, 2019) [WorldCat] ~ Get this from a library! Ignorance and uncertainty. [Olivier Compte; A Postlewaite] -- Born of a belief that economic insights should not require much mathematical sophistication, this book proposes novel and parsimonious methods to incorporate ignorance and uncertainty into economic .

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