Questions tagged [adaptive-learning]

The tag has no usage guidance.

4 questions with no upvoted or accepted answers
Filter by
Sorted by
Tagged with
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 ...
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 ...
0
votes
0answers
16 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 ...
0
votes
0answers
14 views

Do there exist macro (policy) models that adopt non-rational choice quantity decision making with boundedly rational expectations?

Do there exist macro (policy) models that adopt learning-to-optimize decision mechanics instead of rational optimisation? I guess hand to mouth consumers are an example. There are many New Keynesian ...