Behavioral learning equilibria
From MaRDI portal
Publication:2439921
DOI10.1016/j.jet.2013.09.002zbMath1295.91070MaRDI QIDQ2439921
Publication date: 26 March 2014
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://dare.uva.nl/personal/pure/en/publications/behavioral-learning-equilibria(6169bfb7-e94e-44f8-9269-432eb80a5822).html
adaptive learning; bounded rationality; inflation persistence; excess volatility; stochastic consistent expectations equilibrium
91B84: Economic time series analysis
91B64: Macroeconomic theory (monetary models, models of taxation)
Related Items
Optimal Dynamic Momentum Strategies, Predicting the unpredictable: new experimental evidence on forecasting random walks, Do fundamentals shape the price response? A critical assessment of linear impact models, Expectations and optimal monetary policy: a stability problem revisited, Imperfect knowledge, liquidity and bubbles, Carl's nonlinear cobweb, Learnability of an equilibrium with private information, Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game, Managing unanchored, heterogeneous expectations and liquidity traps, Living in an imaginary world that looks real, Divergent risk-attitudes and endogenous collateral constraints, Learning when to say no, The RPEs of RBCs and other DSGEs, Sparse restricted perceptions equilibrium, Equilibrium stability in a nonlinear cobweb model, Market stability with machine learning agents, Stable near-rational sunspot equilibria, Learning to believe in simple equilibria in a complex OLG economy -- evidence from the lab
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- E-stability in the stochastic Ramsey model
- Internal rationality, imperfect market knowledge and asset prices
- The heterogeneous expectations hypothesis: Some evidence from the lab
- Equilibrium with signal extraction from endogenous variables
- Consistent expectations and misspecification in stochastic non-linear economies
- Heterogeneity and misspecifications in learning
- Heterogeneous beliefs and routes to chaos in a simple asset pricing model
- A New Keynesian model with heterogeneous expectations
- Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
- Intrinsic heterogeneity in expectation formation
- CONSISTENT EXPECTATIONS EQUILIBRIA AND COMPLEX DYNAMICS IN RENEWABLE RESOURCE MARKETS
- LEARNING AND EXCESS VOLATILITY
- Consistency of Linear Forecasts in a Nonlinear Stochastic Economy
- Learning to Believe in Sunspots
- A MODEL OF NEAR-RATIONAL EXUBERANCE
- Expectations and the Stability Problem for Optimal Monetary Policies
- Expectations Formation and Stability of Large Socioeconomic Systems
- Excess Volatility and Predictability of Stock Prices in Autoregressive Dividend Models with Learning
- Consistent expectations equilibria and learning in a stock market