Stochastic gradient learning in the cobweb model

DOI10.1016/S0165-1765(98)00176-1zbMath0913.90044MaRDI QIDQ1274427

George W. Evans, Seppo Honkapohja

Publication date: 12 January 1999

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

stability; adaptive learning; bounded rationality

Mathematics Subject Classification ID

91B62: Economic growth models

Related Items

Determinacy and stability under learning of rational expectations equilibria, Adaptive learning with a unit root: an application to the current account, A stochastic cobweb dynamical model, Ways of learning in a simple economic setting: A comparison, Error learning behaviour and stability revisited, E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models

Cites Work

• Unnamed Item
• Unnamed Item
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Least mean squares learning in self-referential linear stochastic models
• Rational Expectations Equilibria, Learning, and Model Specification
• Economic Dynamics with Learning: New Stability Results
• Analysis of recursive stochastic algorithms
• Adaptive Learning with Nonlinear Dynamics Driven by Dependent Processes
• CONVERGENCE OF ADAPTIVE LEARNING AND EXPECTATIONAL STABILITY: THE CASE OF MULTIPLE RATIONAL-EXPECTATIONS EQUILIBRIA