Least squares learning with heterogeneous expectations

DOI10.1016/S0165-1765(96)00903-2zbMath0896.90003MaRDI QIDQ1392164

Seppo Honkapohja, George W. Evans

Publication date: 23 July 1998

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

zbMATH Keywords

stabilityadaptive learningbounded rationality

Mathematics Subject Classification ID

Decision theory (91B06) Memory and learning in psychology (91E40)

Related Items (10)

Learning and coordination with dispersed information ⋮ Estimation of heuristic switching in behavioral macroeconomic models ⋮ LEARNING FROM THE EXPECTATIONS OF OTHERS ⋮ Fundamentalists vs. chartists: learning and predictor choice dynamics ⋮ Adaptive expectations coordination in an economy with heterogeneous agents ⋮ Eductive expectations coordination on deterministic cycles in an economy with heterogeneous agents ⋮ Stability properties for learning with heterogeneous expectations and multiple equilibria ⋮ Adaptive learning and distributional dynamics in an incomplete markets model ⋮ Dynamic learning in a two-person experimental game ⋮ Two destabilizing strategies may be jointly stabilizing

Cites Work

• Unnamed Item
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Rational Expectations Equilibria, Learning, and Model Specification

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