Evans, George W.; Honkapohja, Seppo; Mitra, Kaushik - Department of Economics, University of Oregon - 2007
rational expectations. To model this we assume that agents combine limited structural knowledge with a standard adaptive … agents
combine limited structural knowledge with a standard adaptive learning rule. These
issues are analyzed using two well … three decades. RE is usually formulated as
complete knowledge of the systematic aspects of the economy including the …