This course provides a state of the art overview of complex economic systems with boundedly rational heterogeneous agents. The leading paradigm in macroeconomics assumes that economic agents (households, firms, investors) are perfectly rational in making their decisions. Experimental and empirical evidence indicate that this assumption is too demanding.
(Research) master students, PhD students and post-docs with a quantitative background, professionals from policy institutions.
Prof. Cars Hommes
|Studielast||3 (5 ECTS with paper) EC, 1 weken|