Big Players and the Economic Theory of E

Investment and other economic actions depend on subjective expectations. The problem is how to construct a theory of expectations that assumes people interpret ... » 

Investment and other economic actions depend on subjective expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A. Hayek, Koppl gives us such a theory in this work. «