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A Theory of Adaptive Economic Behavior | 
| Author: John G. Cross
Publisher: Cambridge University Press
Category: Book
List Price: $43.00
Buy New: $40.18
You Save: $2.82 (7%)
New (17) Used (4) from $40.18
Sales Rank: 2892616
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 207
Shipping Weight (lbs): 0.7
Dimensions (in): 8.9 x 5.9 x 0.6
ISBN: 0521067111
Dewey Decimal Number: 330
EAN: 9780521067119
ASIN: 0521067111
Publication Date: June 26, 2008
Availability: Usually ships in 1-2 business days
Condition: BRAND NEW ITEM - SHIPS DIRECT FROM US WAREHOUSE, delivery typically 4-14 business days
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Product Description
This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest. The author applies this viewpoint to a number of problem areas in which literal applications of maximization theory have not usually proved to be satisfactory. These include analyses of decision-making under uncertainty and gambling behaviour, the role of consumer-oriented advertising in influencing behaviour, the persistence of price dispersions in markets, and inflation.
Book Description
This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest.
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