Global stability in spite of local instability with learning

DOI10.1016/S0304-4068(99)00021-XzbMath0938.91038MaRDI QIDQ1972342

Shurojit Chatterji, Subir Chattopadhyay

Publication date: 2000

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

zbMATH Keywords

global stabilitylearning dynamicslocal instabilityleast squares learningdeterministic economies

Mathematics Subject Classification ID

Economic growth models (91B62) Rationality and learning in game theory (91A26)

Related Items (3)

Learning in linear models with expectational leads ⋮ Subjective temporary equilibrium ⋮ Error learning behaviour and stability revisited

Cites Work

• Unnamed Item
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Learning to Believe in Sunspots
• Economic Dynamics with Learning: New Stability Results
• Expectations Formation and Stability of Large Socioeconomic Systems

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