Global convergence of adaptive learning in models of pure exchange

DOI10.1007/S001990100185zbMATH Open1067.91048OpenAlexW1989413648MaRDI QIDQ1597932FDOQ1597932

Authors: Jan Wenzelburger 

Publication date: 4 June 2002

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990100185

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zbMATH Keywords

Bounded rationalityRational expectationsLearning dynamics

Mathematics Subject Classification ID

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

Cited In (9)

• LEARNING TO PLAY BEST RESPONSE IN DUOPOLY GAMES
• Adaptive learning with a unit root: an application to the current account
• Adaptive learning and distributional dynamics in an incomplete markets model
• POLICY INTERACTION, LEARNING, AND THE FISCAL THEORY OF PRICES
• Learning in linear models with expectational leads
• Market crashes, speculation and learning in financial markets
• MEAN VARIANCE PREFERENCES, EXPECTATIONS FORMATION, AND THE DYNAMICS OF RANDOM ASSET PRICES
• On learning equilibria
• Heterogeneous expectations and equilibria selection in an evolutionary overlapping generations model

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