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Learning in Economic Systems with Expectations Feedback by Jan Wenzelburger (Paperback, 2006)

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About this product

Product Information

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.

Product Identifiers

Publisher
Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
ISBN-13
9783540243229
eBay Product ID (ePID)
96076627

Product Key Features

Author
January Wenzelburger
Publication Name
Learning in Economic Systems with Expectations Feedback
Format
Paperback
Language
English
Subject
Economics
Publication Year
2006
Type
Textbook
Number of Pages
176 Pages

Dimensions

Item Height
235mm
Item Width
155mm
Volume
555
Item Weight
610g

Additional Product Features

Title_Author
January Wenzelburger
Series Title
Lecture Notes in Economics and Mathematical Systems
Country/Region of Manufacture
Germany

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