Learning in mis-specified models and the possibility of cycles
From MaRDI portal
Publication:1181673
DOI10.1016/0022-0531(91)90047-8zbMath0742.90021OpenAlexW2015843204MaRDI QIDQ1181673
Publication date: 27 June 1992
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(91)90047-8
Microeconomic theory (price theory and economic markets) (91B24) Memory and learning in psychology (91E40)
Related Items
Bayesian learning leads to correlated equilibria in normal form games, Learning in Monopolies with Delayed Price Information, Learning with misattribution of reference dependence, Biased learning under ambiguous information, Mislearning from censored data: The gambler's fallacy and other correlational mistakes in optimal‐stopping problems, Which misspecifications persist?, A multi-agent model of misspecified learning with overconfidence, Learning monopolies with delayed feedback on price expectations, Pathwise concentration bounds for Bayesian beliefs, Learning in mis-specified models and the possibility of cycles, Committee, expert advice, and the weighted majority algorithm: an application to the pricing decision of a monopolist, Asymptotic behavior of Bayesian learners with misspecified models, Learning, rare events, and recurrent market crashes in frictionless economies without intrinsic uncertainty, Observations on Computability, Uncertainty, and Technology, Convergence of Bayesian learning to general equilibrium in mis-specified models.
Cites Work
- Unnamed Item
- Rational expectations equilibrium: An alternative approach
- Competitive equilibrium cycles
- Convergence of least squares learning mechanisms in self-referential linear stochastic models
- Learning, estimation, and the stability of rational expectations
- Learning to be rational
- On the convergence of Bayesian posterior processes in linear economic models. Counting equations and unknowns
- Learning in mis-specified models and the possibility of cycles
- Asymptotic behavior of posterior distributions for random processes under incorrect models
- On the generic nonconvergence of Bayesian actions and beliefs
- Learning to Believe in Sunspots
- Controlling a Stochastic Process with Unknown Parameters
- An Example of Convergence to Rational Expectations with Heterogeneous Beliefs
- Optimal Control of an Unknown Linear Process with Learning
- Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
- The Multi-Period Control Problem Under Uncertainty
- Asymptotic Properties of Multiperiod Control Rules in the Linear Regression Model
- Discounted Dynamic Programming