Sargent, Thomas J. (born 1943)

Thomas J. Sargent is the 2011 recipient of the Nobel Prize in Economic Sciences (along with Christopher Sims). Sargent has been instrumental in the development of rational expectations economics. The central idea behind this approach is that individuals should not make systematic mistakes. Yet what does it mean for individuals not to make systematic mistakes? Four distinct phases may be identified in Sargent's search for an answer to this question.

MoreLess

Authors:	Sent, Esther-Mirjam
Other Persons:	Durlauf, Steven N. (contributor) ; Blume, Lawrence E. (contributor)
Institutions:	Palgrave Macmillan
Subject:	adaptive expectations \| Blattberg \| bounded rationality \| complexity \| distributed lags \| econometrics \| general equilibrium theory \| Hansen \| Lévy stable distributions \| Ljungqvist \| Lucas \| Marcet \| Marimon \| McGrattan \| Minsky \| Muth \| observational equivalence \| optimal control \| rational expectations \| recursive dynamics \| Roll \| Santa Fe Institute \| Sargent \| Simon \| Sims \| time series econometrics \| vector autoregressions \| Wallace

freely available

Full text |

More access options

Check Google Scholar

I need help

More details

Extent:	text/html
Series:	The New Palgrave Dictionary of Economics.
Type of publication:	Article
Classification:	B31 - Individuals
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010755724