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Titlebook: Rationality, Bounded Rationality and Microfoundations; Foundations of Theor Reza Salehnejad Book 2007 Palgrave Macmillan, a division of Mac

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,‘Homo economicus’ as an intuitive statistician (3): Data-driven causal inference, statistician hypothesis. This hypothesis raises the question of whether there is a ‘tight enough’ theory of statistical inference.Without a tight enough theory of statistical inference we will not learn much about the economy by studying the dynamics of an economy of intuitive statisticians. As a g
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Finale,hing an explanatory and predictive microeconomic theory . transforming it into a theory of the economy as a whole using aggregation methods. It is now time to bring together the results of the analysis.
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Theoretical versus atheoretical macroeconomics: Concepts and controversies,macroeconomics under the headings of explanation, forecasting, and policy analysis. These objectives require a quantitative model, which for most purposes must represent the causal structure of the economy. A major issue in macroeconomics is therefore the understanding of the causal structure of the economy.
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,‘Homo economicus’ as an intuitive statistician (2): Bayesian diagnostic learning,s starting with a parametric probability model. To analyse the programme further, we now examine the possibility of a ‘tight enough’ theory of learning within the general framework of the Bayesian theory, which is primarily a theory of parametric inference.
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The economy as an interactive system: An appraisal of the microfoundations project,herently imprecise, a fact that further aggravates the difficulties in making causal inferences from economic data. The key to the success of macroeconomics is to overcome these difficulties, which make the establishment of causal relations at the economy level problematic.
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