Behavioral Predictive Modeling in Economics is popular PDF and ePub book, written by Songsak Sriboonchitta in 2020-08-05, it is a fantastic choice for those who relish reading online the Technology & Engineering genre. Let's immerse ourselves in this engaging Technology & Engineering book by exploring the summary and details provided below. Remember, Behavioral Predictive Modeling in Economics can be Read Online from any device for your convenience.
Behavioral Predictive Modeling in Economics Book PDF Summary
This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.
Detail Book of Behavioral Predictive Modeling in Economics PDF
- Author : Songsak Sriboonchitta
- Release : 05 August 2020
- Publisher : Springer Nature
- ISBN : 9783030497286
- Genre : Technology & Engineering
- Total Page : 445 pages
- Language : English
- PDF File Size : 16,7 Mb
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