Behavioural Sciences

Preparing for the irrational: Building economic models that work

A man walks past buildings at the central business district of Singapore February 14, 2007. Singapore's trade-reliant economy expanded faster than expected in the fourth quarter on a pick up in domestic activity, data showed on Wednesday, prompting the government to lift its expectations for 2007.  REUTERS/Nicky Loh  (SINGAPORE) - RTR1MDL4

The challenge among economists is to develop macroeconomic models that can work in stormy conditions. Image: REUTERS/Nicky Loh

Robert Skidelsky
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Related topics:
Behavioural SciencesFinancial and Monetary SystemsEconomic Progress
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