Memory, Learning and the Selection of Equilibria in a Model with Non-Uniqueness
作者： Emilio Barucci
DOI: 10.1007/978-1-4615-5029-7_10
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摘要: This paper analyzes a model characterized by multiple equilibria under bounded rationality in stochastic and deterministic setting. We want to address the following questions: does memory of learning process help learn Rational Expectational Equilibria (REE)? affect selection according expectational stability criterion?
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