• Ignorance and uncertainty[electronic resource] /
  • 紀錄類型: 書目-電子資源 : Monograph/item
    杜威分類號: 330.015195
    書名/作者: Ignorance and uncertainty/ Olivier Compte, Andrew Postlewaite.
    作者: Compte, Olivier.
    其他作者: Postlewaite, Andrew.
    出版者: Cambridge : : Cambridge University Press,, 2019.
    面頁冊數: xiv, 287 p. : : ill., digital ;; 24 cm.
    附註: Title from publisher's bibliographic system (viewed on 11 Dec 2018).
    標題: Economics - Mathematical models.
    標題: Decision making - Mathematical models.
    標題: Game theory - Mathematical models.
    ISBN: 9781108379991
    ISBN: 9781108422024
    ISBN: 9781108434492
    摘要、提要註: 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.
    電子資源: https://doi.org/10.1017/9781108379991
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