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Endogenous Economic Fluctuations

- Studies in the Theory of Rational Beliefs

About Endogenous Economic Fluctuations

Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.

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  • Language:
  • English
  • ISBN:
  • 9783642082955
  • Binding:
  • Paperback
  • Pages:
  • 356
  • Published:
  • February 8, 2011
  • Edition:
  • 11997
  • Dimensions:
  • 155x235x19 mm.
  • Weight:
  • 1170 g.
Delivery: 1-2 weeks
Expected delivery: November 28, 2024

Description of Endogenous Economic Fluctuations

Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.

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