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Empirical Study Relating Macroeconomics Literacy and Rational Thinking from Perspective of Cultural View

Author(s)

Yu Feng

Affiliation(s)

School of Economics and Management, GuangZhou Institute of Science and Technology, China

Abstract

Recently, various significant studies on decisive theoretical insights analysis about macroeconomic literacy and specific new scientific assessment models shows progressive improvement in rational thinking and its perspective over cultural aspects. Our Study investigates the Statistical Generalization Mathematical model (SGMM), which has been used to analyze the factors underlying behavioral economics and rationalization based on gender, cognitive thinking, and inconsistent macroeconomic strategies. The Generalization Mathematical model evaluates the subjects based on mental accounting towards inflation, rational cognitive thinking, gender, and economic policies. The result shows a more in-depth perception of monetary policy and its impact on the behavioral economics framework. The case study analysis using the proposed structure shows that rational thinkers are more literate than others.

Keywords

Economic Policies; Cognitive Model; Rationalization; Culture

References

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