Stochastic equilibrium: Learning by exponential smoothing

DOI10.1016/S0165-1889(02)00081-7MaRDI QIDQ951386zbMATH OpenOpenAlexFDO

Authors Klaus Pötzelberger, L. Sögner

Publication date 24 October 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(02)00081-7

zbMATH Keywords

bounded rationalitylearningstochastic dynamical systems

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Dynamic stochastic general equilibrium theory (91B51) Statistical methods; risk measures (91G70) Stochastic learning and adaptive control (93E35)

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Cited in

(3)

• Stochastic equilibria of an asset pricing model with heterogeneous beliefs and random dividends
• Error learning behaviour and stability revisited
• Restricted perception equilibria and rational expectation equilibrium

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