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certain features of monetary policy rules that facilitate learning. However a treatment of policy design for learnability in … worlds where agents have potentially misspecified their learning models has yet to surface. This paper provides such a … understanding of the workings of the economy and that their learning the reduced forms of the economy is subject to potentially …
Persistent link: https://www.econbiz.de/10011604639
This paper examines the learning dynamics of boundedly rational agents, who are asked to voluntarily contribute to a … striking differences between strategies played in the two games are confirmed by simulations, where the learning process is …
Persistent link: https://www.econbiz.de/10010317618
numerous documented violations of classical economic theory. We also propose promising new directions for future research …
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based on the probability of unrest in the following year derived from a machine learning model drawing on over 340 …
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