Behavioral predictive modeling in economics / Songsak Sriboonchitta, Vladik Kreinovich, Woraphon Yamaka, editors.
Songsak Sriboonchitta, editor.; Kreinovich, Vladik, editor.; Yamaka, Woraphon, editor.
2021
HB139 .B44 2021
Available Online

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Title Behavioral predictive modeling in economics / Songsak Sriboonchitta, Vladik Kreinovich, Woraphon Yamaka, editors.
ISBN 9783030497286 (electronic bk.)
3030497283 (electronic bk.)
9783030497279 (hardback)
9783030497309 (paperback)
DOI https://doi.org/10.1007/978-3-030-49728-6
https://doi.org/10.1007/978-3-030-49
Imprint Cham, Switzerland : Springer, [2021]
Language English
Description 1 online resource
Other Standard Identifiers 10.1007/978-3-030-49728-6 doi
10.1007/978-3-030-49 doi
Call Number HB139 .B44 2021
Dewey Decimal Classification 330.01/5195
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.
Access Note Access limited to authorized users.
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Added Author Songsak Sriboonchitta, editor.
Kreinovich, Vladik, editor.
Yamaka, Woraphon, editor.
Series Studies in computational intelligence ; v. 897.
Available in Other Form Print version: 9783030497279
Behavioral predictive modeling in economics.
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Introduction
Behavioral Predictive Modeling in Economics
Conclusion.

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