Paradoxes of Perfect Foresight in General Equilibrium Theory
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- Benjamin Patrick Evans & Mikhail Prokopenko, 2021. "Bounded rationality for relaxing best response and mutual consistency: The Quantal Hierarchy model of decision-making," Papers 2106.15844, arXiv.org, revised Mar 2023.
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More about this item
Keywords
General Equilibrium; perfect foresight; foresight; Capital Controversy; Cambridge Controversy;All these keywords.
JEL classification:
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MIC-2006-10-14 (Microeconomics)
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