On learning equilibria

DOI10.1007/s00199-005-0059-1zbMath1276.91077OpenAlexW1984288021MaRDI QIDQ868613

Jan Tuinstra, Florian O. O. Wagener

Publication date: 6 March 2007

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-005-0059-1

zbMATH Keywords

learningevolutionary dynamicsheterogeneous beliefsendogenous business cyclesoverlapping generations models

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (8)

Recursive equilibrium with price perfect foresight and a minimal state space ⋮ Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations ⋮ Heterogeneous expectations in monetary DSGE models ⋮ Endogenous reactivity in a dynamic model of consumer's choice ⋮ An agent-based macroeconomic model with interacting firms, socio-economic opinion formation and optimistic/pessimistic sales expectations ⋮ Analysis of a heterogeneous trader model for asset price dynamics ⋮ Dynamic predictor selection in a New Keynesian model with heterogeneous expectations ⋮ IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?

Cites Work

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• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Learning equilibria
• On learning and the nonuniqueness of equilibrium in an overlapping generations model with fiat money
• Convergence for difference equations with vanishing time-dependence, with applications to adaptive learning
• Global convergence of adaptive learning in models of pure exchange
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Chaotic learning equilibria
• On Endogenous Competitive Business Cycles
• A Rational Route to Randomness

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