learning schemes can be compared in terms of the consumption behaviour that they yield. We show that neither purely adaptive … learning, nor social learning based on imitation can ensure satisfactory consumption behaviours. By contrast, if the agents can … terms of its regularity, and its ability to improve performance (which is as a clear manifestation of learning). Our results …

This paper investigates the performances of an inflation targeting regime in a learning economy, whose functioning is … -- or heuristics -- while a continuous learning process governs the evolution of those simple rules. Departures from the … rational expectations equilibrium endogenously arise from those learning rules. Subsequently, the central bank implements an …

This paper presents the literature about econometric learning and its impact on the performances of monetary policy … can be interpreted as a learning proces of the model’s agents. This learning proces induces additional dynamics into the … to learning in the modified model. Taking learning into account enables to detect shortcomings of a rule according to (ii …

This article aims to test the relevance of learning through Genetic Algorithms (GA) and Learning Classifier Systems … simulations clearly show that learning is a source of technological and social efficiency. …

) proposes to use genetic algorithm for studying learning dynamics in this game and obtains convergence to Cournot equilibrium … with individual learning. We show in this article how social learning gives rise to Walras equilibrium and why, in a … general setup, individual learning can effectively yield convergence to Cournot instead of Walras equilibrium. We illustrate …