identification of, and conflict between, two Paradigms: the Economics of Uncertainty and Expectations (EUE), which was developed in …This paper is focused on the macroeconomic aspects of Shackle’s theory of decisions under uncertainty and, more … the EUE Paradigm. Amongst these features is the focus on historical time, on expectations and their failures, on money as …

This thesis aims to develop an alternative expectations model to the Rational Expectations Hypothesis (REH) and … adaptive-expectations models, which provides more accurate temporal predictive performance and more closely reflects recent … Adaptive Interactive Expectations (AIE), a subjective dynamic model of the process of expectations formation. To REH, the AIE …

average participants provided with uncertainty information make better decisions than those without. Statistical analysis … uncertainty information took on average less response time compared to those who were shown a table with uncertainty information. …

uncertainty where the company is presented an investment opportunity with a certain cost and random benefit. The agent must decide …

to test his game-theoretic model—the Conflict Expectations Model--of sanctions behavior. The model purports to help …

learn, form their expectations, and make decisions regarding savings and production for future periods. There are no … are unexpected by agents, or if future price expectations are not adjusted exactly proportionally to the announced …, as that would require it knowing precisely the actual law of motion of the economy, current market’s expectations, and …

The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …

decision making in the face of uncertainty. The paper benchmarks the AIE model against the rational expectations hypothesis …The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive …