The rapid growth in the performance of graphics hardware, coupled with recent improvements in its programmability has lead to its adoption in many non-graphics applications, including a wide variety of scientific computing fields. At the same time, a number of important dynamic optimal policy...

The rapid growth in the performance of graphics hardware, coupled with recent improvements in its programmability has lead to its adoption in many non-graphics applications, including a wide variety of scientific computing fields. At the same time, a number of important dynamic optimal policy...

The paper proposes a method for construction, estimation, and testing the Rational Beliefs (RB) models. RB models, due to Kurz, 1994, allow agents' beliefs to differ from the Rational Expectations (RE), but require that beliefs cannot be contradicted by past data. By implication, RB and RE must...