Collaborative Research: Macroeconomic Modeling with Learning Through Reasoning and Experie — NSF Award to Boston College (MA, $191
This research project develops new ways to model the US economy by using the assumption that economic decision makers learn by experience over time about underlying optimal decision rules. Individuals and organizations are faced with complex real world economic decisions and the best decision may not be immediately obv
| Award title | Collaborative Research: Macroeconomic Modeling with Learning Through Reasoning and Experie |
|---|---|
| Award ID | 2517641 |
| Awardee | Boston College |
| City | CHESTNUT HILL |
| State | MA |
| Amount obligated | $191,520 |
| Principal investigator | Rosen Valchev |
| Program | Economics |
| Start date | 08/15/2025 |
| Abstract | This research project develops new ways to model the US economy by using the assumption that economic decision makers learn by experience over time about underlying optimal decision rules. Individuals and organizations are faced with complex real world economic decisions and the best decision may not be immediately obvious. Many macroeconomic models assume that these decision makers have full information and always make decisions that best advance their interests. In contrast, this project model |
| Source | NSF Awards |
$799/mo
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