Generating Unemployment Expectations of the "Man in the Street".

ADVANCES IN PRACTICAL APPLICATIONS OF AGENTS, MULTI-AGENT SYSTEMS, AND COMPLEXITY: THE PAAMS COLLECTION（2018）

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摘要

Why are unemployment expectations of the "man in the street" markedly different from professional forecasts? We present an agent-based model to explain this disconnection using boundedly rational agents with different levels of education.

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关键词

Agent-based modeling,Bounded rationality,Unemployment expectations

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