Arifovic, Jasmina; Kostyshyna, Olena - Society for Computational Economics - SCE - 2005
We study individual evolutionary learning in the setup developed by Deissenberg and Gonzalez (2002). They study a version of the Kydland-Prescott model in which in each time period monetary authority optimizes weighted payoff function (with selfishness parameter as a weight on its own and...