Rational Learning and Rational Expectations
作者： Margaret Bray , David M. Kreps
DOI: 10.1007/978-1-349-07239-2_19
关键词: Microeconomics 、 Economics 、 Private information retrieval 、 Ecological rationality 、 Rational expectations 、 Multiple equilibrium 、 Work (electrical) 、 Natural (music) 、 Information economics
摘要: Much recent work in the economics of information has stemmed from observation that demand functions, and therefore prices, reflect agents’ private information. Given an adequate understanding relationship between equilibrium it is possible to infer some or all It seems natural suppose, therefore, agents will endeavour use contained prices.
springer.com
sci-hub.st 参考文章(21)
Roman Frydman, Towards an Understanding of Market Processes: Individual Expectations, Market Behavior and Convergence to Rational Expectations Equilibrium Research Papers in Economics. ,(1981)
Sanford J. Grossman, Richard E. Kihlstrom, Leonard J. Mirman, A Bayesian Approach to the Production of Information and Learning by Doing The Review of Economic Studies. ,vol. 44, pp. 533- 547 ,(1977) , 10.2307/2296906
J.S Jordan, Admissible market data structures: A complete characterization Journal of Economic Theory. ,vol. 28, pp. 19- 31 ,(1982) , 10.1016/0022-0531(82)90089-8
J.S Jordan, A dynamic model of expectations equilibrium Journal of Economic Theory. ,vol. 28, pp. 235- 254 ,(1982) , 10.1016/0022-0531(82)90060-6
Anat R. Admati, A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets Econometrica. ,vol. 53, pp. 629- 657 ,(1985) , 10.2307/1911659
Robert M. Townsend, Forecasting the Forecasts of Others Journal of Political Economy. ,vol. 91, pp. 546- 588 ,(1983) , 10.1086/261166
Beth Allen, Generic Existence of Completely Revealing Equilibria for Economies with Uncertainty when Prices Convey Information Econometrica. ,vol. 49, pp. 1173- 1199 ,(1981) , 10.2307/1912749
David M Kreps, A note on “fulfilled expectations” equilibria Journal of Economic Theory. ,vol. 14, pp. 32- 43 ,(1977) , 10.1016/0022-0531(77)90083-7
J.S Jordan, The generic existence of rational expectations equilibrium in the higher dimensional case Journal of Economic Theory. ,vol. 26, pp. 224- 243 ,(1982) , 10.1016/0022-0531(82)90002-3
Geoffrey Lewis, The Phillips curve and bayesian learning Journal of Economic Theory. ,vol. 24, pp. 240- 264 ,(1981) , 10.1016/0022-0531(81)90057-0