A Rational Route to Randomness.

This paper puts forth a concept of Adptivety Rational Equilibrium (A.R.E) where agents base decisions upon predictions of future values of endogenous variables whose actual values are determined by equilibrium equations.

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Year of publication:	1996
Authors:	Brock, W.A. ; Hommes, C.H.
Institutions:	Wisconsin Madison - Social Systems
Subject:	STATISTICS \| MATHEMATICS \| EVALUATION \| ECONOMETRICS

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Series:	Working papers.
Type of publication:	Book / Working Paper
Notes:	39 pages
Classification:	C00 - Mathematical and Quantitative Methods. General ; C10 - Econometric and Statistical Methods: General. General ; C13 - Estimation ; C19 - Econometric and Statistical Methods: General. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005443472