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Recursive expectations approach in policymaking
The primary contribution of modern economics to policy analysis may be the recognition of the crucial role of expectations in policy intervention. The essence of expectations is to think about others’ thinking. We argue that policymakers need recursive thinking, that is, the ability to think about t...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Springer Nature Singapore
2023
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10169135/ http://dx.doi.org/10.1007/s42495-023-00108-w |