Ambiguity in Macroeconomics: The Implications for the Big Pushand Multiplier
نویسندگان
چکیده
By modelling individuals preference under ambiguity as Choquet integral with respect to a Neo-additive capacity, the paper investigates the e¤ects of ambiguity and agentsambiguity attitude on the process of economic industrialization.The results are presented with Keynesian avor: Coordinating su¢ cient optimism can create " Big Push " to help the economy to achieve self-ful lled Pareto-optimal equilibrium and economic boom; however, su¢ cient pessimism result simply in coordination failure and cause economy " stuck " in an inef-
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