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Accessible Unlicensed Requires Authentication Published by Akademie Verlag December 31, 2018

Erfahrung und Erwartung – eine vernachlässigte wirtschaftshistorische Perspektive?

Mark Jakob, Alexander Nützenadel and Jochen Streb

Abstract

The DFG Priority Programme “Experience and Expectation – Historical Foundations of Economic Behaviour” explores how economic actors form their expectations under certain historical conditions. This project’s main hypothesis is that the formation of economic expectations is a complex process that cannot be explained solely by simple concepts such as adaptive or rational expectations, and is shaped by historical events and experience. In this introduction, we review the state of the art of modelling expectation formation in social sciences and history and preview the main findings of the articles published in this special issue.

JEL Classification: B 20; D 81; D 83; N 01
Published Online: 2018-12-31
Published in Print: 2018-11-27

© 2018 Walter de Gruyter GmbH, Berlin/Boston