Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10001237953
Persistent link: https://www.econbiz.de/10003120631
Persistent link: https://www.econbiz.de/10001648648
Persistent link: https://www.econbiz.de/10001490967
Mean dynamics govern convergence to rational expectations equilibria of self-referential systems under least squares learning. We highlight escape dynamics that propel away from a rational expectations equilibrium under fixed-gain recursive learning schemes. These learning schemes discount past...
Persistent link: https://www.econbiz.de/10013320318