{"id":"https://openalex.org/W2777398564","doi":"https://doi.org/10.1111/ecin.12897","title":"RATIONAL HEURISTICS? EXPECTATIONS AND BEHAVIORS IN EVOLVING ECONOMIES WITH HETEROGENEOUS INTERACTING AGENTS","display_name":"RATIONAL HEURISTICS? EXPECTATIONS AND BEHAVIORS IN EVOLVING ECONOMIES WITH HETEROGENEOUS INTERACTING AGENTS","publication_year":2020,"publication_date":"2020-04-14","ids":{"openalex":"https://openalex.org/W2777398564","doi":"https://doi.org/10.1111/ecin.12897","mag":"2777398564"},"language":"en","primary_location":{"id":"doi:10.1111/ecin.12897","doi":"https://doi.org/10.1111/ecin.12897","is_oa":true,"landing_page_url":"https://doi.org/10.1111/ecin.12897","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.12897","source":{"id":"https://openalex.org/S206615888","display_name":"Economic Inquiry","issn_l":"0043-3640","issn":["0043-3640","0095-2583","1465-7295"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Inquiry","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.12897","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5060960665","display_name":"Giovanni Dosi A","orcid":"https://orcid.org/0000-0002-0126-9349","observed_orcids":["https://orcid.org/0000-0002-0126-9349"]},"institutions":[{"id":"https://openalex.org/I162290304","display_name":"Scuola Superiore Sant'Anna","ror":"https://ror.org/025602r80","country_code":"IT","type":"education","lineage":["https://openalex.org/I162290304"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Giovanni Dosi","raw_affiliation_strings":["EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","institution_ids":["https://openalex.org/I162290304"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5085703070","display_name":"Mauro Napoletano","orcid":"https://orcid.org/0000-0002-8128-6674","observed_orcids":["https://orcid.org/0000-0002-8128-6674"]},"institutions":[{"id":"https://openalex.org/I162290304","display_name":"Scuola Superiore Sant'Anna","ror":"https://ror.org/025602r80","country_code":"IT","type":"education","lineage":["https://openalex.org/I162290304"]},{"id":"https://openalex.org/I181418319","display_name":"SKEMA Business School","ror":"https://ror.org/036h8vg94","country_code":"FR","type":"education","lineage":["https://openalex.org/I181418319"]},{"id":"https://openalex.org/I201841394","display_name":"Universit\u00e9 C\u00f4te d'Azur","ror":"https://ror.org/019tgvf94","country_code":"FR","type":"education","lineage":["https://openalex.org/I201841394"]},{"id":"https://openalex.org/I205092303","display_name":"Institut d'Etudes Politiques de Paris","ror":"https://ror.org/05fe7ax82","country_code":"FR","type":"facility","lineage":["https://openalex.org/I205092303"]}],"countries":["FR","IT"],"is_corresponding":false,"raw_author_name":"Mauro Napoletano","raw_affiliation_strings":["EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","SKEMA Business School Universit\u00e9 C\u00f4te d'Azur Nice France","Sciences Po, OFCE Paris France","EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","Sciences Po, OFCE, Paris, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"SKEMA Business School Universit\u00e9 C\u00f4te d'Azur Nice France","institution_ids":["https://openalex.org/I181418319","https://openalex.org/I201841394"]},{"raw_affiliation_string":"Sciences Po, OFCE Paris France","institution_ids":["https://openalex.org/I205092303"]},{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"Sciences Po, OFCE, Paris, France","institution_ids":["https://openalex.org/I205092303"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016085579","display_name":"Andrea Roventini B","orcid":"https://orcid.org/0000-0001-5518-3084","observed_orcids":["https://orcid.org/0000-0001-5518-3084"]},"institutions":[{"id":"https://openalex.org/I162290304","display_name":"Scuola Superiore Sant'Anna","ror":"https://ror.org/025602r80","country_code":"IT","type":"education","lineage":["https://openalex.org/I162290304"]},{"id":"https://openalex.org/I205092303","display_name":"Institut d'Etudes Politiques de Paris","ror":"https://ror.org/05fe7ax82","country_code":"FR","type":"facility","lineage":["https://openalex.org/I205092303"]}],"countries":["FR","IT"],"is_corresponding":false,"raw_author_name":"Andrea Roventini","raw_affiliation_strings":["EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","Sciences Po, OFCE Paris France","EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","Sciences Po, OFCE, Paris, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"Sciences Po, OFCE Paris France","institution_ids":["https://openalex.org/I205092303"]},{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"Sciences Po, OFCE, Paris, France","institution_ids":["https://openalex.org/I205092303"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5074218217","display_name":"Joseph Eug\u00e8ne Stiglitz","orcid":"https://orcid.org/0009-0002-5370-6798","observed_orcids":["https://orcid.org/0009-0002-5370-6798","https://orcid.org/0000-0001-6149-046X"]},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Joseph E. Stiglitz","raw_affiliation_strings":["Department of Economics Columbia University New York NY USA","Department of Economics, Columbia University, New York, NY, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics Columbia University New York NY USA","institution_ids":["https://openalex.org/I78577930"]},{"raw_affiliation_string":"Department of Economics, Columbia University, New York, NY, USA","institution_ids":["https://openalex.org/I78577930"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5023241194","display_name":"Tania Treibich","orcid":"https://orcid.org/0000-0002-9679-1905","observed_orcids":["https://orcid.org/0000-0002-9679-1905"]},"institutions":[{"id":"https://openalex.org/I162290304","display_name":"Scuola Superiore Sant'Anna","ror":"https://ror.org/025602r80","country_code":"IT","type":"education","lineage":["https://openalex.org/I162290304"]},{"id":"https://openalex.org/I205092303","display_name":"Institut d'Etudes Politiques de Paris","ror":"https://ror.org/05fe7ax82","country_code":"FR","type":"facility","lineage":["https://openalex.org/I205092303"]},{"id":"https://openalex.org/I34352273","display_name":"Maastricht University","ror":"https://ror.org/02jz4aj89","country_code":"NL","type":"education","lineage":["https://openalex.org/I34352273"]}],"countries":["FR","IT","NL"],"is_corresponding":true,"raw_author_name":"Tania Treibich","raw_affiliation_strings":["EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","Macro, International and Labour Economics Department, School of Business and Economics Maastricht University Maastricht Netherlands","Sciences Po, OFCE Paris France","EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","Macro, International and Labour Economics Department, School of Business and Economics, Maastricht University, Maastricht, Netherlands","Sciences Po, OFCE, Paris, France"],"raw_orcid":"https://orcid.org/0000-0002-9679-1905","affiliations":[{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM) Scuola Superiore Sant'Anna Pisa Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"Macro, International and Labour Economics Department, School of Business and Economics Maastricht University Maastricht Netherlands","institution_ids":["https://openalex.org/I34352273"]},{"raw_affiliation_string":"Sciences Po, OFCE Paris France","institution_ids":["https://openalex.org/I205092303"]},{"raw_affiliation_string":"EMbeDS and Institute of Economics (LEM), Scuola Superiore Sant'Anna, Pisa, Italy","institution_ids":["https://openalex.org/I162290304"]},{"raw_affiliation_string":"Macro, International and Labour Economics Department, School of Business and Economics, Maastricht University, Maastricht, Netherlands","institution_ids":["https://openalex.org/I34352273"]},{"raw_affiliation_string":"Sciences Po, OFCE, Paris, France","institution_ids":["https://openalex.org/I205092303"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":6,"corresponding_author_ids":["https://openalex.org/A5023241194"],"corresponding_institution_ids":["https://openalex.org/I162290304","https://openalex.org/I205092303","https://openalex.org/I34352273"],"apc_list":{"value":2900,"currency":"USD","value_usd":2900},"apc_paid":{"value":2900,"currency":"USD","value_usd":2900},"fwci":14.1109,"has_fulltext":true,"cited_by_count":169,"citation_normalized_percentile":{"value":0.98730517,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":100},"biblio":{"volume":"58","issue":"3","first_page":"1487","last_page":"1516"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.4587000012397766,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.4587000012397766,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.27950000762939453,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.120899997651577,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/heterogeneous-expectations","display_name":"heterogeneous expectations","score":0.8550000190734863},{"id":"https://openalex.org/keywords/interacting-agents","display_name":"interacting agents","score":0.5789999961853027},{"id":"https://openalex.org/keywords/agent-based-modeling","display_name":"agent-based modeling","score":0.8479999899864197},{"id":"https://openalex.org/keywords/heterogeneous-firms","display_name":"heterogeneous firms","score":0.5659999847412109},{"id":"https://openalex.org/keywords/deep-uncertainty","display_name":"deep uncertainty","score":0.6660000085830688},{"id":"https://openalex.org/keywords/technological-change","display_name":"technological change","score":0.7900000214576721},{"id":"https://openalex.org/keywords/imperfect-information","display_name":"imperfect information","score":0.9480000138282776},{"id":"https://openalex.org/keywords/coordination","display_name":"coordination","score":0.5960000157356262},{"id":"https://openalex.org/keywords/structural-breaks","display_name":"structural breaks","score":0.9940000176429749},{"id":"https://openalex.org/keywords/learning-rules","display_name":"learning rules","score":0.8360000252723694},{"id":"https://openalex.org/keywords/fast-and-frugal-heuristics","display_name":"fast and frugal heuristics","score":0.9049999713897705},{"id":"https://openalex.org/keywords/macroeconomic-dynamics","display_name":"macroeconomic dynamics","score":0.7630000114440918}],"concepts":[{"id":"https://openalex.org/C127705205","wikidata":"https://www.wikidata.org/wiki/Q5748245","display_name":"Heuristics","level":2,"score":0.846660852432251},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7592602372169495},{"id":"https://openalex.org/C96016098","wikidata":"https://www.wikidata.org/wiki/Q853949","display_name":"Rational expectations","level":2,"score":0.7069704532623291},{"id":"https://openalex.org/C2780310539","wikidata":"https://www.wikidata.org/wiki/Q12547192","display_name":"Imperfect","level":2,"score":0.6377396583557129},{"id":"https://openalex.org/C123676819","wikidata":"https://www.wikidata.org/wiki/Q1074338","display_name":"Perfect information","level":2,"score":0.629366934299469},{"id":"https://openalex.org/C31772880","wikidata":"https://www.wikidata.org/wiki/Q2666479","display_name":"Rational agent","level":2,"score":0.5551078915596008},{"id":"https://openalex.org/C2780791683","wikidata":"https://www.wikidata.org/wiki/Q846785","display_name":"Action (physics)","level":2,"score":0.5053935050964355},{"id":"https://openalex.org/C2780873155","wikidata":"https://www.wikidata.org/wiki/Q392811","display_name":"Agent-based model","level":2,"score":0.4921979010105133},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4919097423553467},{"id":"https://openalex.org/C2776142066","wikidata":"https://www.wikidata.org/wiki/Q3610415","display_name":"Computational economics","level":2,"score":0.4580889940261841},{"id":"https://openalex.org/C55986821","wikidata":"https://www.wikidata.org/wiki/Q1188791","display_name":"Macroeconomic model","level":2,"score":0.44300663471221924},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3098682165145874},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.22988316416740417},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.1431545913219452},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.13301360607147217},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/ecin.12897","doi":"https://doi.org/10.1111/ecin.12897","is_oa":true,"landing_page_url":"https://doi.org/10.1111/ecin.12897","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.12897","source":{"id":"https://openalex.org/S206615888","display_name":"Economic Inquiry","issn_l":"0043-3640","issn":["0043-3640","0095-2583","1465-7295"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Inquiry","raw_type":"journal-article"},{"id":"pmh:oai:cris.maastrichtuniversity.nl:openaire/2e1e0655-299a-4dff-96b5-fa0a771c595e","doi":null,"is_oa":true,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/2e1e0655-299a-4dff-96b5-fa0a771c595e","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Dosi, G, Napoletano, M, Roventini, A, Stiglitz, J E & Treibich, T 2020, 'Rational heuristics? Expectations and behaviors in evolving economies with heterogeneous interacting agents', Economic Inquiry, vol. 58, no. 3, pp. 1487-1516. https://doi.org/10.1111/ecin.12897","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:www.iris.sssup.it:11382/523311","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/11382/523311","pdf_url":"http://hdl.handle.net/11382/523311","source":{"id":"https://openalex.org/S4377196376","display_name":"CINECA IRIS Institutional Research Information System (Sant'Anna School of Advanced Studies)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I162290304","host_organization_name":"Scuola Superiore Sant'Anna","host_organization_lineage":["https://openalex.org/I162290304"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:HAL:halshs-03046977v1","doi":null,"is_oa":true,"landing_page_url":"https://shs.hal.science/halshs-03046977","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Economic Inquiry, 2020, 58 (3), pp.1487-1516. ⟨10.1111/ecin.12897⟩","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:um:oai:cris.maastrichtuniversity.nl:publications/2e1e0655-299a-4dff-96b5-fa0a771c595e","doi":null,"is_oa":true,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/2e1e0655-299a-4dff-96b5-fa0a771c595e","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Economic Inquiry, 58(3), 1487 - 1516. Wiley","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.1111/ecin.12897","doi":"https://doi.org/10.1111/ecin.12897","is_oa":true,"landing_page_url":"https://doi.org/10.1111/ecin.12897","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.12897","source":{"id":"https://openalex.org/S206615888","display_name":"Economic Inquiry","issn_l":"0043-3640","issn":["0043-3640","0095-2583","1465-7295"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Inquiry","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5799999833106995}],"study_designs":[],"awards":[{"id":"https://openalex.org/G2215110836","display_name":null,"funder_award_id":"649186\u00a0and\u00a0822781","funder_id":"https://openalex.org/F4320337664","funder_display_name":"H2020 Societal Challenges"},{"id":"https://openalex.org/G3952562828","display_name":"Innovation-fuelled, Sustainable, Inclusive Growth","funder_award_id":"649186","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"},{"id":"https://openalex.org/G434337789","display_name":null,"funder_award_id":"HORIZON2020","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"},{"id":"https://openalex.org/G7273630902","display_name":"Growth Welfare Innovation Productivity","funder_award_id":"822781","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"}],"funders":[{"id":"https://openalex.org/F4320320300","display_name":"European Commission","ror":"https://ror.org/00k4n6c32"},{"id":"https://openalex.org/F4320337664","display_name":"H2020 Societal Challenges","ror":null}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2777398564.pdf","grobid_xml":"https://content.openalex.org/works/W2777398564.grobid-xml"},"referenced_works_count":152,"referenced_works":["https://openalex.org/W86537917","https://openalex.org/W130345331","https://openalex.org/W149858772","https://openalex.org/W198351796","https://openalex.org/W582220661","https://openalex.org/W1480148456","https://openalex.org/W1480376833","https://openalex.org/W1485221355","https://openalex.org/W1493376445","https://openalex.org/W1494735503","https://openalex.org/W1499027981","https://openalex.org/W1534952397","https://openalex.org/W1538782379","https://openalex.org/W1544160266","https://openalex.org/W1545138734","https://openalex.org/W1546523058","https://openalex.org/W1578180415","https://openalex.org/W1579116188","https://openalex.org/W1604342699","https://openalex.org/W1717321486","https://openalex.org/W1726055186","https://openalex.org/W1746056975","https://openalex.org/W1798564564","https://openalex.org/W1803174028","https://openalex.org/W1880473682","https://openalex.org/W1972190631","https://openalex.org/W1980616374","https://openalex.org/W1983822602","https://openalex.org/W1999692672","https://openalex.org/W2003830355","https://openalex.org/W2005964097","https://openalex.org/W2011686254","https://openalex.org/W2013835536","https://openalex.org/W2014382678","https://openalex.org/W2014676982","https://openalex.org/W2018579465","https://openalex.org/W2019459021","https://openalex.org/W2024427320","https://openalex.org/W2029263712","https://openalex.org/W2034386048","https://openalex.org/W2043787485","https://openalex.org/W2049444775","https://openalex.org/W2050032417","https://openalex.org/W2052647713","https://openalex.org/W2055046090","https://openalex.org/W2061364641","https://openalex.org/W2064523162","https://openalex.org/W2065254988","https://openalex.org/W2076118331","https://openalex.org/W2076324919","https://openalex.org/W2079284580","https://openalex.org/W2079911253","https://openalex.org/W2080184288","https://openalex.org/W2084258750","https://openalex.org/W2095169544","https://openalex.org/W2096016260","https://openalex.org/W2097259059","https://openalex.org/W2099616619","https://openalex.org/W2101174956","https://openalex.org/W2101429676","https://openalex.org/W2104522459","https://openalex.org/W2105945799","https://openalex.org/W2107589787","https://openalex.org/W2109155413","https://openalex.org/W2114619206","https://openalex.org/W2116077980","https://openalex.org/W2117270372","https://openalex.org/W2121749141","https://openalex.org/W2122405726","https://openalex.org/W2126398727","https://openalex.org/W2129642332","https://openalex.org/W2130960228","https://openalex.org/W2134106953","https://openalex.org/W2138847869","https://openalex.org/W2140898820","https://openalex.org/W2145397014","https://openalex.org/W2145930759","https://openalex.org/W2148962857","https://openalex.org/W2152717893","https://openalex.org/W2155986724","https://openalex.org/W2157581667","https://openalex.org/W2158438518","https://openalex.org/W2160758148","https://openalex.org/W2162561820","https://openalex.org/W2163612501","https://openalex.org/W2165553550","https://openalex.org/W2167563743","https://openalex.org/W2168858490","https://openalex.org/W2170611725","https://openalex.org/W2170764706","https://openalex.org/W2172399901","https://openalex.org/W2173693873","https://openalex.org/W2196189337","https://openalex.org/W2237624758","https://openalex.org/W2239774697","https://openalex.org/W2253894436","https://openalex.org/W2285049493","https://openalex.org/W2288246689","https://openalex.org/W2319837793","https://openalex.org/W2331124147","https://openalex.org/W2407024314","https://openalex.org/W2417877444","https://openalex.org/W2464906373","https://openalex.org/W2524270768","https://openalex.org/W2528517797","https://openalex.org/W2564201410","https://openalex.org/W2575173422","https://openalex.org/W2584836299","https://openalex.org/W2749859120","https://openalex.org/W2751823717","https://openalex.org/W2779243221","https://openalex.org/W2785984278","https://openalex.org/W2790356583","https://openalex.org/W2796971335","https://openalex.org/W2797062887","https://openalex.org/W2894720984","https://openalex.org/W2911549212","https://openalex.org/W3007221758","https://openalex.org/W3021892700","https://openalex.org/W3023567959","https://openalex.org/W3033519547","https://openalex.org/W3121435790","https://openalex.org/W3121662841","https://openalex.org/W3121732551","https://openalex.org/W3121765993","https://openalex.org/W3121845654","https://openalex.org/W3122065104","https://openalex.org/W3122328812","https://openalex.org/W3122374400","https://openalex.org/W3122572501","https://openalex.org/W3122700214","https://openalex.org/W3123130592","https://openalex.org/W3123675599","https://openalex.org/W3124104134","https://openalex.org/W3124126930","https://openalex.org/W3124622014","https://openalex.org/W3124635820","https://openalex.org/W3125450854","https://openalex.org/W3125717430","https://openalex.org/W3125788478","https://openalex.org/W3126121421","https://openalex.org/W3144900023","https://openalex.org/W4206220467","https://openalex.org/W4214562331","https://openalex.org/W4229539396","https://openalex.org/W4232947230","https://openalex.org/W4234482624","https://openalex.org/W4246654806","https://openalex.org/W4246783270","https://openalex.org/W4292157289","https://openalex.org/W4301066124","https://openalex.org/W4376051614"],"related_works":["https://openalex.org/W2623857683","https://openalex.org/W2187284947","https://openalex.org/W2183345904","https://openalex.org/W4248427407","https://openalex.org/W2043940637","https://openalex.org/W2149854735","https://openalex.org/W3214830452","https://openalex.org/W2903206349","https://openalex.org/W3121689948","https://openalex.org/W2256042659"],"abstract_inverted_index":{"We":[0],"analyze":[1],"the":[2],"individual":[3,53],"and":[4,10,43,73,89],"macroeconomic":[5,55,91],"impacts":[6],"of":[7],"heterogeneous":[8],"expectations":[9,62],"action":[11],"rules":[12],"within":[13],"an":[14],"agent\u2010based":[15],"model":[16],"populated":[17],"by":[18,32],"heterogeneous,":[19],"interacting":[20],"firms.":[21],"Agents":[22],"have":[23],"to":[24],"cope":[25],"with":[26,63],"a":[27,80],"complex":[28,88],"evolving":[29],"economy":[30],"characterized":[31],"deep":[33],"uncertainty":[34],"resulting":[35],"from":[36],"technical":[37],"change,":[38],"imperfect":[39],"information,":[40],"coordination":[41],"hurdles,":[42],"structural":[44],"breaks.":[45],"In":[46],"these":[47],"circumstances,":[48],"we":[49],"find":[50],"that":[51,71],"neither":[52],"nor":[54],"dynamics":[56],"improve":[57],"when":[58],"agents":[59],"replace":[60],"myopic":[61],"less":[64],"na\u00efve":[65],"learning":[66],"rules.":[67],"Our":[68],"results":[69],"suggest":[70],"fast":[72],"frugal":[74],"robust":[75],"heuristics":[76],"may":[77],"not":[78],"be":[79],"second\u2010best":[81],"option":[82],"but":[83],"rather":[84],"\u201crational\u201d":[85],"responses":[86],"in":[87],"changing":[90],"environments.":[92],"(":[93],"JEL":[94],"C63,":[95],"D8,":[96],"E32,":[97],"E6,":[98],"O4)":[99]},"counts_by_year":[{"year":2026,"cited_by_count":18},{"year":2025,"cited_by_count":52},{"year":2024,"cited_by_count":26},{"year":2023,"cited_by_count":28},{"year":2022,"cited_by_count":17},{"year":2021,"cited_by_count":12},{"year":2020,"cited_by_count":11},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":2}],"updated_date":"2026-10-25T09:29:13.331239","created_date":"2025-10-10T00:00:00"}