Téléchargez le livre : Learning in Economic Systems with Expectations Feedback

Learning in Economic Systems with Expectations Feedback

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Éditeur :

Springer


Collection :

Lecture Notes in Economics and Mathematical Systems

Paru le : 2006-09-22

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Description
Recently economists have more and more focussed on scenarios in which agents' views of the world may be erroneous. These notes introduce the concept of perfect forecasting rules which provide best least-squares predictions along the evolution of an economic system. The framework for nonparametric adaptive learning schemes is developed and it is argued that plausible learning schemes should aim at estimating a perfect forecasting rule taking into account the correct feedback structure of an economy. A link is provided between the traditional rational-expectations view and recent behavioristic approaches.
Pages
176 pages
Collection
Lecture Notes in Economics and Mathematical Systems
Parution
2006-09-22
Marque
Springer
EAN papier
9783540243229
EAN PDF
9783540380504
Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
17
Taille du fichier
1546 Ko
Prix
52,74 €

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