Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.

The purpose of this investigationwas to simulate a real life scenarioand explore the way economicagents update their beliefs. Do theyupdate according to what theyhope? Or do they update inspired byrational behavior?We mimicked the environment whicha recently high school graduate faceswhen entering c...

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Autores principales: Benítez Salcedo, Edgar Orlando, González Gómez, Natalia, Fukano, Sachiko
Formato: article Artículo
Lenguaje:Español
Publicado: Universidad Icesi 2006
Materias:
Acceso en línea:http://hdl.handle.net/10906/332
http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/137
http://biblioteca2.icesi.edu.co/cgi-olib/?infile=details.glu&loid=148044
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=co/co-008&d=10906332oai
Aporte de:
id I16-R122-10906332oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Español
topic BELIEFE FORMATION
RATIONAL BEHAVIOR
DECSION MAKING
Facultad de Ciencias Administrativas y Económicas
Producción intelectual registrada - Universidad Icesi
Estudios Gerenciales
spellingShingle BELIEFE FORMATION
RATIONAL BEHAVIOR
DECSION MAKING
Facultad de Ciencias Administrativas y Económicas
Producción intelectual registrada - Universidad Icesi
Estudios Gerenciales
Benítez Salcedo, Edgar Orlando
González Gómez, Natalia
Fukano, Sachiko
Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.
topic_facet BELIEFE FORMATION
RATIONAL BEHAVIOR
DECSION MAKING
Facultad de Ciencias Administrativas y Económicas
Producción intelectual registrada - Universidad Icesi
Estudios Gerenciales
description The purpose of this investigationwas to simulate a real life scenarioand explore the way economicagents update their beliefs. Do theyupdate according to what theyhope? Or do they update inspired byrational behavior?We mimicked the environment whicha recently high school graduate faceswhen entering college to see how astudent updates his beliefs in regardsto his classroom position. We examinedhow economic agents envisagethemselves through and through collegeand see if they update their beliefsabout a hypothesis A in the lightof new evidence B, or if they updatetheir beliefs subject to what theychoose they hope. In this sense weexplored the possibility of setting asidethe neoclassical assumption thatagents are anything more than hyperrational naïve optimizers acting on perfect (and in some cases, limited information)in order to turn back to anolder tradition in economic theory, thatis agents are recognizably human.
format article
Artículo
article
Artículo
author Benítez Salcedo, Edgar Orlando
González Gómez, Natalia
Fukano, Sachiko
author_facet Benítez Salcedo, Edgar Orlando
González Gómez, Natalia
Fukano, Sachiko
author_sort Benítez Salcedo, Edgar Orlando
title Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.
title_short Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.
title_full Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.
title_fullStr Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.
title_full_unstemmed Updating Beliefs: Are economic agents inspired by rational action or according to ones hopes and fears?.
title_sort updating beliefs: are economic agents inspired by rational action or according to ones hopes and fears?.
publisher Universidad Icesi
publishDate 2006
url http://hdl.handle.net/10906/332
http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/137
http://biblioteca2.icesi.edu.co/cgi-olib/?infile=details.glu&loid=148044
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=co/co-008&d=10906332oai
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AT fukanosachiko updatingbeliefsareeconomicagentsinspiredbyrationalactionoraccordingtooneshopesandfears
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