ISBN: 9780231166287 - uncertainty, expectations, and financial instability: reviving allais's lost theory of psychological time (10 resultados)

Hardcover. Condición: Very Good. Very Good - Crisp, clean, unread book with some shelfwear/edgewear, may have a remainder mark - NICE Standard-sized.

Hardcover. Condición: Good. Good - Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name - GOOD Standard-sized.

Hardcover. Condición: Near Fine. Estado de la sobrecubierta: Near Fine. 1st Edition. Hardcover, xlvi + 396 pages, NOT ex-library. Book is clean and bright throughout, with unmarked text, free of inscriptions and stamps, firmly bound. Minor handling wear. Bright untorn dust jacket. -- This work seeks to revive and re-examine the neglected economic theories of Nobel laureate Maurice Allais, arguing they provide a powerful explanation for financial instability. The author posits that Allais's core concept of "psychological time" - the idea that human perception of time is subjective and influenced by memory and expectations - is the key to understanding market dynamics. The book contrasts this with mainstream models based on rational expectations, arguing that Allais's framework better accounts for speculative bubbles, market panics, and the cyclical nature of credit. It serves as a major re-interpretation of a key thinker and a critique of modern macroeconomic and financial theory. -- Maurice Allais (1911-2010) was a French physicist and economist who was awarded the Nobel Memorial Prize in Economic Sciences in 1988 for his "pioneering contributions to the theory of markets and efficient utilization of resources." Despite this recognition, his more unconventional and psychologically-grounded work on monetary dynamics, risk, and human perception of time - which this book focuses on - was largely ignored by the mainstream, English-speaking economic profession. He is often considered one of the great, overlooked figures of 20th-century economic thought.…

Condición: As New. Unread book in perfect condition.

Condición: As New. Unread book in perfect condition.

Hardcover. Condición: Brand New. 448 pages. 9.25x6.50x1.00 inches. In Stock.

Condición: New.

Condición: New. Eric Barthalon applies the neglected theory of psychological time and memory decay of Maurice Allais to model investors psychology in the present context of recurrent financial crises&Uumlber den AutorEric Barthalon is the global h.

Condición: New.

Buch. Condición: Neu. Neuware - Eric Barthalon applies the neglected theory of psychological time and memory decay of Maurice Allais to model investors' psychology in the present context of recurrent financial crises.