Rationality of expectations: comparison of neoclassical and evolutionary approaches

• Autorzy: Emilia Tomczyk
• Języki publikacji: EN

Abstrakty

Paper compares two major schools of economic thought - neoclassical and evolutionary - from the perspective of keystone assumption: rationality of economic agents. It discusses role of rationality assumption in neoclassical and evolutionary theories; importance of expectations; and perspectives for analyzing them within the framework of evolutionary game theory - namely, through replicator dynamics.(original abstract)

Słowa kluczowe

EN

Rationality; History of economic thought; Neoclassical economy; Evolutionary theory in economics

PL

Racjonalność; Historia myśli ekonomicznej; Ekonomia neoklasyczna; Teoria ewolucyjna w ekonomii

• Czasopismo: Department of Applied Econometrics Working Papers
• Rocznik: 2006
• Numer: nr 1
• Strony: 15

Twórcy

autor

Emilia Tomczyk

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