A note on least-squares learning mechanism

Article Abstract:

The application by Marcet and Sargent of the approach proposed by Ljung for the least-squares learning mechanism is critiqued. The two theorists came up with economic constraints in their application to concentrate on the workings of a set of differential functions. These yielded two errors, namely: the problem of unit eigenvalue and that of heterogeneous agents. A reformulation of the learning mechanism is undertaken.

Models, Usage, Learning, Least squares, Teaching models

---

Eductive expectations coordination on deterministic cycles in an economy with heterogeneous agents

Article Abstract:

A study is presented on the expectations coordinations on two cycle deterministic in a heterogenic economy. Eductive approach is used in the analysis.

Italy, Science & research, Research, Economic forecasting

---

Similar abstracts:

• Abstracts: Self-fulfilling mechanisms and rational expectations. Star-shapedness of Richter-Aumann integral on a measure space with atoms: Theory and economic applications
• Abstracts: Religion as paradigm. Retrospective reflections on the discussions at the conference
• Abstracts: Paired comparison estimates of willingness to accept versus contingent valuation estimates of willingness to pay
• Abstracts: Two-sided matching problems with externalities. Indeterminacy and endogenous growth with social constant returns
• Abstracts: An ordered logit model for the evaluation of Dutch non-life insurance companies. Wages and teachers' hours of work

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.