This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.
1136970835
Behavioral Predictive Modeling in Economics
This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.
189.0
In Stock
5
1
Behavioral Predictive Modeling in Economics
Behavioral Predictive Modeling in Economics
eBook (1st ed. 2021)
$189.00
Related collections and offers
189.0
In Stock
Product Details
| ISBN-13: | 9783030497286 |
|---|---|
| Publisher: | Springer-Verlag New York, LLC |
| Publication date: | 08/05/2020 |
| Series: | Studies in Computational Intelligence , #897 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 39 MB |
| Note: | This product may take a few minutes to download. |
From the B&N Reads Blog