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Learning, expectations, and the financial instability hypothesis

Guzman, Martín; Howitt, Peter - In: Contemporary issues in macroeconomics : lessons from …, (pp. 50-60). 2016

Persistent link: https://www.econbiz.de/10011432990

Signal or noise? : uncertainty and learning about whether other traders are informed

Banerjee, Snehal; Green, Brett - In: Journal of financial economics 117 (2015) 2, pp. 398-423

Persistent link: https://www.econbiz.de/10011480269

Learning in cobweb experiments

Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003

measured by the variance is significantly larger than the amplitude under RE, implying persistent excess volatility. However …

Persistent link: https://www.econbiz.de/10011333266

Good luck or good policy? : an expectational theory of macro volatility switches

Gaballo, Gaetano - In: Journal of economic dynamics & control 37 (2013) 12, pp. 2755-2770

Persistent link: https://www.econbiz.de/10010348106

Fitting survey expectations and uncertainty about trend inflation

Henzel, Steffen R. - In: Journal of macroeconomics 35 (2013), pp. 172-185

Persistent link: https://www.econbiz.de/10009723974

Expectations, Learning and Business Cycle Fluctuations

Eusepi, Stefano - 2008

This paper develops a theory of expectations-driven business cycles based on learning. Agents have incomplete knowledge … consumption and leisure. Output volatility is comparable with a rational expectations analysis with a standard deviation of … technology shock that is 20 percent smaller, and has substantially more volatility in investment and hours. Persistence in these …

Persistent link: https://www.econbiz.de/10012770876

Market stability with machine learning agents

Georges, Christophre; Pereira, Javier - In: Journal of economic dynamics & control 122 (2021), pp. 1-19

Persistent link: https://www.econbiz.de/10012666119

Expectations, Learning and Business Cycle Fluctuations

Eusepi, Stefano - 2008

Persistent link: https://www.econbiz.de/10012464466

Fragile beliefs and the price of uncertainty

Hansen, Lars Peter; Sargent, Thomas J. - In: Quantitative economics : QE ; journal of the … 1 (2010) 1, pp. 129-162

A representative consumer uses Bayes' law to learn about parameters of several models and to construct probabilities with which to perform ongoing model averaging. The arrival of signals induces the consumer to alter his posterior distribution over models and parameters. The consumer's...

Persistent link: https://www.econbiz.de/10011719071

Behavioral and experimental macroeconomics and policy analysis : a complex systems approach

Hommes, Cars H. - In: Journal of economic literature 59 (2021) 1, pp. 149-219

Persistent link: https://www.econbiz.de/10012542608