Questions tagged [adaptive-learning]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
2
votes
1answer
46 views

Are rational expectations in economics purely forwards looking, or can they have backward looking components?

Are rational expectations (Muth, Lucas, Kyland and Prescott) in economics purely forwards looking, or can they have backward looking components?
0
votes
0answers
17 views

What is steady state learning in the context of boundedly rational expectation modeling and how does it differ with other theories of learning?

What is steady state learning in the context of boundedly rational expectation modeling? E.g. see Evans et al. (2009) They define it as: "Under steady-state learning, agents use past data to ...
1
vote
0answers
7 views

What would it mean for a parameter region to be E-stable but undeterminate?

What would it mean for a parameter region for a dynamic system to be E-stable, but indeterminate? E-stable: it's stable under learning... so this means, once in equilibrium, you stay there? Or does it ...
2
votes
0answers
26 views

determinacy vs. indeterminacy of equilibria in dynamic systems

As explained in Hommes (2018), equilibria in dynamic systems, like DSGE models, can either be determinate or indeterminate. A REE (rational expectations equilibrium) is determinate when there exists a ...