Convergence of least squares learning to a non-stationary equilibrium

DOI10.1016/0165-1765(94)90007-8zbMath0815.90020OpenAlexW1980739135MaRDI QIDQ1342678

George W. Evans, Seppo Honkapohja

Publication date: 12 January 1995

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

Full work available at URL: https://doi.org/10.1016/0165-1765(94)90007-8

zbMATH Keywords

linear rational expectations modelsexplosive equilibria

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Economic growth models (91B62) Memory and learning in psychology (91E40)

Related Items (3)

Expectational diversity in monetary economies ⋮ Are rational explosive solutions learnable? ⋮ Learning, hypothesis testing, and rational-expectations equilibrium

Cites Work

• Unnamed Item
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Rational Expectations Equilibria, Learning, and Model Specification
• On the Robustness of Bubbles in Linear RE Models
• Analysis of recursive stochastic algorithms

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