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Strategic exploitation with learning and heterogeneous beliefs

โœ Scribed by Agbo, Maxime

Book ID
122137204
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
904 KB
Volume
67
Category
Article
ISSN
0095-0696

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Dynamics of beliefs and learning under a
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โœ Carl Chiarella; Xue-Zhong He ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 314 KB

This paper studies a class of models in which agents' expectations in uence the actual dynamics while the expectations themselves are the outcome of some recursive processes with bounded memory. Under the assumptions of heterogeneous expectations (or beliefs) and that the agents update their expecta