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Review Symposium on Cars Hommes' Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems

A reply to Rosser and Kirman

Pages 317-321 | Published online: 05 Sep 2014
 

Notes

1. There is an interesting related literature on Imperfect Knowledge Economics (IKE) by Frydman and Goldberg (Citation2007) and its empirical foundation based on cointegrated vector autoregressive analysis (e.g. Juselius, Citation2013) emphasizing the importance of non-stationarity, structural breaks and cointegration.

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