Articles liés à Learning in Economic Systems with Expectations Feedback

Learning in Economic Systems with Expectations Feedback - Couverture souple

Livre 15 sur 126: Lecture Notes in Economics and Mathematical Systems

Wenzelburger, Jan

 
9783540243229: Learning in Economic Systems with Expectations Feedback
Couverture souple
ISBN 10 : 3540243224 ISBN 13 : 9783540243229
Editeur : Springer Berlin Heidelberg, 2008

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer Berlin Heidelberg
Date d'édition
2008
Langue
anglais
ISBN 10 
3540243224
ISBN 13 
9783540243229
Reliure
Broché
Nombre de pages
192
Coordonnées du fabricant
non disponible
Personne responsable
CMN Printpool Inh. Mathis Neumann
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