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Sunday, May 17, 2020 | History

3 edition of Behavioral theories of the business cycle found in the catalog.

Behavioral theories of the business cycle

Nir Jaimovich

Behavioral theories of the business cycle

by Nir Jaimovich

  • 82 Want to read
  • 19 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in

    Subjects:
  • Business cycles -- Econometric models

  • Edition Notes

    StatementNir Jaimovich, Sergio Rebelo.
    SeriesNBER working paper series -- working paper 12570., Working paper series (National Bureau of Economic Research) -- working paper no. 12570.
    ContributionsRebelo, Sergio., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1 .W654 no. 12570
    The Physical Object
    Pagination9 p. ;
    ID Numbers
    Open LibraryOL17631285M
    OCLC/WorldCa73512496

    ADVERTISEMENTS: Business Cycles: Meaning, Phases, Features and Theories of Business Cycle! Meaning: Many free enterprise capitalist countries such as USA and Great Britain have registered rapid economic growth during the last two centuries. But economic growth in these countries has not followed steady and smooth upward trend. There has been a long-run upward trend in [ ]. Behavioral definition, manner of behaving or acting. See more.

      Behavioral theories are used to predict the way that a person or group of people will react to a certain situation. They are used in the sciences of psychology and sociology for different purposes. In psychology, behavioral theories are used to predict responses in individuals and to try and prescribe treatment protocols for people who struggle in different stress situations. R. Burke Johnson is a professor in the Department of Professional Studies at the University of South Alabama. He is first author of Educational Research: Quantitative, Qualitative, and Mixed Approaches, which is published in its 3rd edition () by is author or coauthor of numerous articles and chapters and has published in the Educational Researcher, Journal of Educational.

      Francesca Gino is a behavioral scientist and the Tandon Family Professor of Business Administration at Harvard Business School. She is the author of the books Rebel Talent: Why It . Social and Behavioral Theories Author Biography. Karen Glanz, PhD, MPH is George A. Weiss University Professor, a Penn Integrates Knowledge Professor in the Perelman School of Medicine and the School of Nursing, and Director of the Center for Health Behavior Research at the University of came to Penn in after professorships at Emory University, the University of.


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Behavioral theories of the business cycle by Nir Jaimovich Download PDF EPUB FB2

This entertaining book describes the global history of economic fluctuations and business cycle theory over more than years. It explains the core of the problem and shows how cycles can be forecast and how they are managed by central by: 9.

Behavioral Theories of the Business Cycle Nir Jaimovich∗and Sergio Rebelo† September Abstract We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence. The expectations of optimistic agents. Theory of Behavioral Finance: /ch This chapter explores the evolution of modern behavioral finance theories from the traditional framework.

It focuses on three main issues. First, it Cited by: 3. Behavioral Theories of the Business Cycle Article in Journal of the European Economic Association 5() February with 70 Reads How we measure 'reads'.

Get this from a library. Behavioral theories of the business cycle. [Nir Jaimovich; Sergio Rebelo; National Bureau of Economic Research.] -- We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence.

The expectations of optimistic agents are biased toward good. Behavioral Theories of the Business Cycle Nir Jaimovich, Sergio Rebelo. NBER Working Paper No. Issued in October NBER Program(s):Economic Fluctuations and Growth Program We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence.

TY - JOUR. T1 - Behavioral theories of the business cycle. AU - Jaimovich, Nir. AU - Rebelo, Sergio. PY - /4/1. Y1 - /4/1.

N2 - We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and by: Jaimovich and Rebelo Behavioral Theories of the Business Cycle where X t= C γX1−γ t−1. (2) We assume that 0 1, ψ>0, and σ> time-nonseparable preferences include as special cases the two classes of utility functions most.

Hao Tan, in International Encyclopedia of the Social & Behavioral Sciences (Second Edition), Explanations. In searching the drivers of cyclical industrial dynamics, researchers naturally look into existing theories for business cycles.

Behavioural Theories of the Business Cycle We explore the business cycl e implicatio ns of expectation shocks and of two well-known psychological biases, optimism and overconfidence.

business cycles, fluctuations in economic activity characterized by periods of rising and falling fiscal health.

During a business cycle, an economy grows, reaches a peak, and then begins a downturn followed by a period of negative growth (a recession), that ends in a trough before the next upturn.

Behavioral Theories of the Business Cycle Nir Jaimovich and Sergio Rebelo NBER Working Paper No. October JEL No. E32 ABSTRACT We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence.

The expectations of optimistic agents are biased toward good. Social and Behavioral Theories. Learning Objectives. After reviewing this chapter, readers should be able to: • Define what theory is and identify two key types of social and behavioral science theory that are relevant to public health interventions.

• Describe the key File Size: 1MB. We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence. The expectations of optimistic agents are biased toward good outcomes, while overconfident agents overestimate the precision of the signals that they receive.

Both expectation shocks and overconfidence can increase business-cycle volatility. Nir Jaimovich & Sergio Rebelo, "Behavioral Theories of the Business Cycle," NBER Working PapersNational Bureau of Economic Research, Inc.

Nir Jaimovich & Sergio Rebelo, "Behavioral Theories of the Business Cycle," Discussion PapersStanford Institute for Economic Policy Research. Downloadable. We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence.

The expectations of optimistic agents are biased toward good outcomes, while overconfident agents overestimate the precision of the signals that they receive.

Both expectation shocks and overconfidence can increase business-cycle volatility. Jaimovich and Rebelo Behavioral Theories of the Business Cycle where X,=C?X)ZI (2) We assume that 0 l,\// > 0, and a > 0.

These time-nonseparable preferences include as special cases the two classes of utility functions most common in the business cycle literature.

Preferences in the class discussed in King. The behavioral theory of the firm first appeared in the book A Behavioral Theory of the Firm by Richard M.

Cyert and James G. March. The work on the behavioral theory started in when March, a political scientist, joined Carnegie Mellon University, where Cyert was an economist.

Before this model was formed, the existing theory of the firm had two main assumptions: profit maximization Author: Richard Cyert and James March. The book is a good combination of behavioral economics and business strategy, that focuses on analyzing how experimental economics can help us figure out what motivates : Diego Mazo.

BibTeX @ARTICLE{Jaimovich07behavioraltheories, author = {Nir Jaimovich and Sergio Rebelo and Nir Jaimovich and Sergio Rebelo and Nir Jaimovich and Sergio Rebelo}, title = {Behavioral theories of the business cycle}, journal = {Journal of European Economic Association}, year = {}, pages = {}}.

Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals and institutions and how those decisions vary from those implied by classical economic theory.

Behavioral economics is primarily concerned with the bounds of rationality of economic oral models typically integrate insights from psychology.Get this from a library! Lectures on Behavioral Macroeconomics.

[Paul De Grauwe] -- In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks.

The combination of these shocks and.Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery.

Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a Format: Hardcover.