Heterogeneous experience and constant-gain learning

DOI10.1016/J.JEDC.2024.104881MaRDI QIDQ6974224zbMATH OpenFDO

Authors John Duffy, Michael E. Shin

Publication date 10 June 2025

Published in Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/J.JEDC.2024.104881

zbMATH Keywords

bounded rationalityconstant-gain learningexperienceheterogeneitylearningperpetual-youth model

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites work

• A probabilistic interpretation of the constant gain learning algorithm
• A simple recursive forecasting model
• Behavioral learning equilibria
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Escaping Nash Inflation
• Experience effects in finance: foundations, applications, and future directions
• Generalized stochastic gradient learning
• scientific article; zbMATH DE number 3273551 (Why is no real title available?)
• Internal rationality, imperfect market knowledge and asset prices
• Learning and time-varying macroeconomic volatility
• Learning from experience in the stock market
• Learning, monetary policy rules, and macroeconomic stability
• The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations

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