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John A Morrison's Blog Posts Tagged 'rational' (1)

2 papers: Latest Thinking: Rational Expectations, Anchoring Effects / New Micro foundations of RE

 

I have become interested in the new micro-economic foundations of Macro - Rational Expectations Economics (in the context of irrational macro-policy design, particularly visible in the EuroZone); here are two interesting papers from one seminar at Warwick, link below abstracts ..

 

FIRST PAPER

 

A MODEL OF REFERENCE-DEPENDENT PREFERENCES

 

*BOTOND KO˝SZEGI AND MATTHEW RABIN

 

ABSTRACT: We develop a model of…

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Added by John A Morrison on November 14, 2011 at 9:30am — No Comments

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