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Learning in Economic Systems with Expectations Feedback (Lecture Notes in Economics and Mathematical Systems, 555, Band 555) - Softcover

Buch 15 von 126: Lecture Notes in Economics and Mathematical Systems

Wenzelburger, Jan

 
9783540243229: Learning in Economic Systems with Expectations Feedback (Lecture Notes in Economics and Mathematical Systems, 555, Band 555)
Softcover
ISBN 10: 3540243224 ISBN 13: 9783540243229
Verlag: Springer Berlin Heidelberg, 2008

Inhaltsangabe

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.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Verlag
Springer Berlin Heidelberg
Erscheinungsdatum
2008
Sprache
Englisch
ISBN 10 
3540243224
ISBN 13 
9783540243229
Einband
Taschenbuch
Anzahl der Seiten
192
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