Je cadeautjes zeker op tijd in huis hebben voor de feestdagen? Kom langs in onze winkels en vind het perfecte geschenk!
- Afhalen na 1 uur in een winkel met voorraad
- Gratis thuislevering in België vanaf € 30
- Ruim aanbod met 7 miljoen producten
Je cadeautjes zeker op tijd in huis hebben voor de feestdagen? Kom langs in onze winkels en vind het perfecte geschenk!
- Afhalen na 1 uur in een winkel met voorraad
- Gratis thuislevering in België vanaf € 30
- Ruim aanbod met 7 miljoen producten
Contingent Expectations
Uncertainty, Risk, and Economic Behavior in Historical Perspective
Alexander Nützenadel, Jochen Streb
Hardcover | Engels
€ 54,45
+ 108 punten
Omschrijving
An empirical analysis and new theoretical framework for understanding economic expectations and decision making in different historical settings.
Expectations play a crucial role in shaping economic behavior. But how are expectations actually formed, and how has this changed over time? The financial crisis of 2007-2008 cast doubt on traditional theories of expectation formation, particularly the rational expectations framework. In Contingent Expectations, Alexander Nützenadel and Jochen Streb examine the ways that past experiences influence the economic expectations and decision making of households, investors, and policymakers through history, and offer an alternative perspective. Combining a comprehensive empirical analysis of expectation formation from the eighteenth century to the present day with an assessment of the relevant economic theory, Nützenadel and Streb present a new theoretical framework, contingent expectations, for understanding economic expectation. Nützenadel and Streb show how economic actors developed new forecasting methods in response to rising uncertainty brought on by the Industrial Revolution, the expansion of global trade, financial market integration, and environmental crises. Tracing the evolution of economic theories on expectations, they find that when growing market volatility made forecasting more complex, economic agents often adapted with remarkable flexibility to changing circumstances. Challenging prevailing concepts of expectations, including rational choice and adaptive expectations, Nützenadel and Streb emphasize the heterogeneity of economic agents' cognitive practices--in particular, the need to consider variation in information costs and historical experience. Expectation formation, they argue, is contingent on each individual's current decision making situation. Their account of the history of economic expectations has significant implications for current debates in economics.Specificaties
Betrokkenen
- Auteur(s):
- Uitgeverij:
Inhoud
- Aantal bladzijden:
- 288
- Taal:
- Engels
Eigenschappen
- Productcode (EAN):
- 9780691248530
- Verschijningsdatum:
- 19/05/2026
- Uitvoering:
- Hardcover
- Formaat:
- Genaaid
- Afmetingen:
- 155 mm x 235 mm
Alleen bij Standaard Boekhandel
+ 108 punten op je klantenkaart van Standaard Boekhandel
CADEAU
Beoordelingen
We publiceren alleen reviews die voldoen aan de voorwaarden voor reviews. Bekijk onze voorwaarden voor reviews.