EconPapers    
Economics at your fingertips  
 

Défaillances de coordination et volatilité des marchés

Roger Guesnerie ()

PSE Working Papers from HAL

Abstract: This is the text of the "Jean Jacques Laffont lecture", closing the 2010 Congress of the AFSE, "Association Française de Science Economique". The first part comes back on the standard economic viewpoint on expectational coordination, a viewpoint that the recent events have challenged. The second part reviews the existing directions for a critical assessment of the rational expectations hypothesis. The third part shows how such a critical assessment, along the lines of the so-called "eductive" learning approach, radically modifies our view of three key problems : the economic benefit of speculation, the informational efficiency of markets and, last but not least, the ability of long horizon agents to anticipate the future.

Keywords: coordination des anticipations; hypothèse d'anticipations rationnelles (search for similar items in EconPapers)
Date: 2010-12
New Economics Papers: this item is included in nep-cis
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00564997v1
References: Add references at CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-00564997v1/document (application/pdf)

Related works:
Journal Article: Défaillances de coordination et volatilité des marchés (2011) Downloads
Working Paper: Défaillances de coordination et volatilité des marchés (2011)
Working Paper: Défaillances de coordination et volatilité des marchés (2011)
Working Paper: Défaillances de coordination et volatilité des marchés (2010) Downloads
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:hal:psewpa:halshs-00564997

Access Statistics for this paper

More papers in PSE Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-19
Handle: RePEc:hal:psewpa:halshs-00564997