Heterogeneous expectations, sunspot equilibria and their fragility

DOI10.1016/J.ECONLET.2009.08.021zbMath1179.91137OpenAlexW2085540332MaRDI QIDQ1046301

Michele Berardi

Publication date: 21 December 2009

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2009.08.021

zbMATH Keywords

heterogeneous expectationssunspot equilibriaendogenous predictor choice

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Heterogeneous agent models (91B69)

Cites Work

• Expectational stability of stationary sunspot equilibria in a forward-looking linear model
• Stable sunspot solutions in models with predetermined variables
• Heterogeneity and misspecifications in learning
• Intrinsic heterogeneity in expectation formation
• A Rational Route to Randomness

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