A Rational Route to Randomness

William Brock and Cars Hommes

Working papers from Wisconsin Madison - Social Systems

Abstract: 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.

Keywords: STATISTICS; MATHEMATICS; EVALUATION; ECONOMETRICS (search for similar items in EconPapers)
JEL-codes: C00 C10 C13 C19 (search for similar items in EconPapers)
Pages: 39 pages
Date: 1996
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: A Rational Route to Randomness (2001)
Journal Article: A Rational Route to Randomness (1997)
Working Paper: Rational Routes to Randomness (1995)
Working Paper: A Rational Route to Randomness (1995)
Working Paper: Rational Routes to Randomness (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:att:wimass:9530r

Access Statistics for this paper

More papers in Working papers from Wisconsin Madison - Social Systems UNIVERSITY OF WISCONSIN MADISON, SOCIAL SYSTEMS RESEARCH INSTITUTE(S.S.R.I.), MADISON WISCONSIN 53706 U.S.A..
Bibliographic data for series maintained by Ailsenne Sumwalt ().