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A blog about cognitive and behavioural economics. Building mathematical models of how psychology influences economic systems.


Rebuilding macroeconomics

Sun, 30 Sep 2018 19:37:49 GMT

Spending today and tomorrow attending the Rebuilding Macroeconomics conference at the Treasury. The programme looks very interesting - highlights include: Ekaterina Svetlova's opening talk on "Imagining the Future", which I think will be quite relevant to System 3 and an idea I have been working on, prospective expectations: the concept that actors based their decisions not on a Nash equilibrium (rational expectations) or on a simple extrapolation of the past (adaptive expectations), but on...