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Michael D. Goldberg has written 2 work(s)
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cover image for 9780691145778
Product Description: In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable...read more

Hardcover:

9780691145778 | Princeton Univ Pr, February 7, 2011, cover price $35.00 | About this edition: In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality.

cover image for 9780691121604
Product Description: Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior...read more

Hardcover:

9780691121604 | Princeton Univ Pr, August 13, 2007, cover price $97.00 | About this edition: Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis.

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