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An Exploration of the Eductive Justifications of the Rational Expectations Hypothesis (Now published in American Economic Review, vol.82, no.5 (1992), pp.1254-1278.)
Guesnerie, Roger - Suntory and Toyota International Centres for Economics … - 1992
This paper examines justifications of the rational expectations hypothesis that rely on the analysis of the agents' mental forecasting ("educing") activity which involves "forecasting the forecasts" of others etc. The corresponding eductive learning stability concept, based on the game...
Persistent link: https://www.econbiz.de/10010720223
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Rationalizability, Strong Rationality and Expectational Stability (Now published in Games and Economic Behavior, Special Issue on Learning Dynamics, vol.5 (Oct. 1993), pp.632-646)....
Evans, George W.; Guesnerie, Roger - Suntory and Toyota International Centres for Economics … - 1992
We examine the connection between two stability concepts of rational expectations equilibria: expectational stability, based on the convergence of iterations of expectations, and strong rationality, based on uniqueness of the rationalizable solutions of an associated game with restrictions on...
Persistent link: https://www.econbiz.de/10010720233
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Rationalizability, Strong Rationality and Expectational Stability (Now published in Games and Economic Behavior, Special Issue on Learning Dynamics, vol.5 (Oct. 1993), pp.632-646)....
Evans, George W.; Guesnerie, Roger - Suntory and Toyota International Centres for Economics … - 1992
We examine the connection between two stability concepts of rational expectations equilibria: expectational stability, based on the convergence of iterations of expectations, and strong rationality, based on uniqueness of the rationalizable solutions of an associated game with restrictions on...
Persistent link: https://www.econbiz.de/10005797427
Cover Image
An Exploration of the Eductive Justifications of the Rational Expectations Hypothesis (Now published in American Economic Review, vol.82, no.5 (1992), pp.1254-1278.)
Guesnerie, Roger - Suntory and Toyota International Centres for Economics … - 1992
This paper examines justifications of the rational expectations hypothesis that rely on the analysis of the agents' mental forecasting ("educing") activity which involves "forecasting the forecasts" of others etc. The corresponding eductive learning stability concept, based on the game...
Persistent link: https://www.econbiz.de/10005797430
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On economic games which are not necessarily superadditive: solution concepts and application to a local public good problem with "few" agents (Now published in Economic Letters, No...
Guesnerie, Roger; Oddou, C. - Suntory and Toyota International Centres for Economics … - 1979
Persistent link: https://www.econbiz.de/10005797438