메뉴 건너뛰기




Volumn 30, Issue 1, 1998, Pages 59-86

Convergence of learning algorithms without a projection facility

Author keywords

C62; D83; D84; Noisy sunspot equilibria; Rational expectations; Stochastic approximation

Indexed keywords


EID: 0040685865     PISSN: 03044068     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-4068(97)00023-2     Document Type: Article
Times cited : (8)

References (32)
  • 1
    • 0000891087 scopus 로고
    • Self-fulfilling prophesies
    • Azariadis C. Self-fulfilling prophesies. J. Econ. Theory. 25:1981;380-396.
    • (1981) J. Econ. Theory , vol.25 , pp. 380-396
    • Azariadis, C.1
  • 2
    • 38249023521 scopus 로고
    • On learning and rational expectations in an overlapping generations model
    • Benassy J.P., Blad M. On learning and rational expectations in an overlapping generations model. J. Econ. Dynamics Control. 13:1989;379-400.
    • (1989) J. Econ. Dynamics Control , vol.13 , pp. 379-400
    • Benassy, J.P.1    Blad, M.2
  • 4
    • 84960595671 scopus 로고
    • Strategic complementarities in business formation: Aggregate fluctuations and sunspot equilibria
    • Chatterjee S., Cooper R., Ravikumar B. Strategic complementarities in business formation: aggregate fluctuations and sunspot equilibria. Rev. Econ. Studies. 60:1993;795-811.
    • (1993) Rev. Econ. Studies , vol.60 , pp. 795-811
    • Chatterjee, S.1    Cooper, R.2    Ravikumar, B.3
  • 5
    • 77956807530 scopus 로고
    • Sunspot equilibria in sequential market models
    • In: Hildenbrand, W., Sonnenschein, H. (Eds.) Amsterdam, North-Holland
    • Chiappori, P.-A., Guesnerie R., 1991. Sunspot equilibria in sequential market models, In: Hildenbrand, W., Sonnenschein, H. (Eds.), Handbook of Mathematical Economics, Vol. IV, Amsterdam, North-Holland.
    • (1991) Handbook of Mathematical Economics , vol.4
    • Chiappori, P.-A.1    Guesnerie, R.2
  • 6
    • 38149147842 scopus 로고
    • Learning, convergence and stability with multiple rational expectations equilibria
    • Evans G.W., Honkapohja S. Learning, convergence and stability with multiple rational expectations equilibria. European Econ. Rev. 38:1994;1071-1098.
    • (1994) European Econ. Rev. , vol.38 , pp. 1071-1098
    • Evans, G.W.1    Honkapohja, S.2
  • 7
    • 0000402595 scopus 로고
    • On the local stability of sunspot equilibria under adaptive learning rules
    • Evans G.W., Honkapohja S. On the local stability of sunspot equilibria under adaptive learning rules. J. Econ. Theory. 64:1994;142-161.
    • (1994) J. Econ. Theory , vol.64 , pp. 142-161
    • Evans, G.W.1    Honkapohja, S.2
  • 8
    • 0000772908 scopus 로고
    • Local convergence of recursive learning to steady states and cycles in stochastic nonlinear models
    • Evans G.W., Honkapohja S. Local convergence of recursive learning to steady states and cycles in stochastic nonlinear models. Econometrica. 63:1995;195-206.
    • (1995) Econometrica , vol.63 , pp. 195-206
    • Evans, G.W.1    Honkapohja, S.2
  • 9
    • 0002378860 scopus 로고
    • Adaptive learning and expectational stability: An introduction
    • In: Kirman, A., Salmon, M. (Eds.) Chap. 4. Oxford, Basil Blackwell
    • Evans, G.W., Honkapohja, S., 1995b. Adaptive learning and expectational stability: an introduction, In: Kirman, A., Salmon, M. (Eds.), Learning and Rationality in Economics, Chap. 4. Oxford, Basil Blackwell, pp. 102-126.
    • (1995) Learning and Rationality in Economics , pp. 102-126
    • Evans, G.W.1    Honkapohja, S.2
  • 10
    • 0002752566 scopus 로고
    • Social increasing returns, learning, and bifurcation phenomena
    • In: Kirman, A., Salmon, M., (Eds.) Chap. 7. Oxford, Basil Blackwell
    • Evans, G.W., Honkapohja, S., 1995c. Social increasing returns, learning, and bifurcation phenomena, In: Kirman, A., Salmon, M., (Eds.), Learning and Rationality in Economics, Chap. 7. Oxford, Basil Blackwell, pp. 216-235.
    • (1995) Learning and Rationality in Economics , pp. 216-235
    • Evans, G.W.1    Honkapohja, S.2
  • 11
    • 0002416627 scopus 로고    scopus 로고
    • Economic dynamics with learning: New stability results
    • in press
    • Evans, G.W., Honkapohja, S., 1998. Economic dynamics with learning: new stability results, Rev. Econ. Studies, in press.
    • (1998) Rev. Econ. Studies
    • Evans, G.W.1    Honkapohja, S.2
  • 13
    • 0001239419 scopus 로고
    • Invariant distributions and the limiting behavior of Markovian economic models
    • Futia C. Invariant distributions and the limiting behavior of Markovian economic models. Econometrica. 50:1982;377-408.
    • (1982) Econometrica , vol.50 , pp. 377-408
    • Futia, C.1
  • 17
    • 0000016379 scopus 로고
    • Endogenous fluctuations
    • In: Laffont, J.-J. (Ed.) Cambridge University Press, Cambridge
    • Guesnerie, R., Woodford M., 1992. Endogenous fluctuations, In: Laffont, J.-J. (Ed.), Advances in Economic Theory. Sixth World Congress, Cambridge University Press, Cambridge, pp. 289-412.
    • (1992) Advances in Economic Theory. Sixth World Congress , pp. 289-412
    • Guesnerie, R.1    Woodford, M.2
  • 18
    • 0001342006 scopus 로고
    • A new approach to the economic analysis of nonstationary time series and the business cycle
    • Hamilton J.D. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica. 57:1989;357-384.
    • (1989) Econometrica , vol.57 , pp. 357-384
    • Hamilton, J.D.1
  • 20
    • 0000199420 scopus 로고
    • Adaptive learning with nonlinear dynamics driven by dependent processes
    • Kuan C.-M., White H. Adaptive learning with nonlinear dynamics driven by dependent processes. Econometrica. 62:1994;1087-1114.
    • (1994) Econometrica , vol.62 , pp. 1087-1114
    • Kuan, C.-M.1    White, H.2
  • 22
    • 0017526570 scopus 로고
    • Analysis of recursive stochastic algorithms
    • Ljung L. Analysis of recursive stochastic algorithms. IEEE Trans. Auto. Control. AC 22:1977;551-575.
    • (1977) IEEE Trans. Auto. Control , vol.22 , pp. 551-575
    • Ljung, L.1
  • 23
    • 38249013767 scopus 로고
    • Sunspot-like effects of random endowments
    • Manuelli R., Peck J. Sunspot-like effects of random endowments. J. Econ. Dynamics Control. 16:1992;193-206.
    • (1992) J. Econ. Dynamics Control , vol.16 , pp. 193-206
    • Manuelli, R.1    Peck, J.2
  • 24
    • 38249025567 scopus 로고
    • Convergence of least squares learning mechanisms in self-referential stochastic models
    • Marcet A., Sargent T.J. Convergence of least squares learning mechanisms in self-referential stochastic models. J. Econ. Theory. 48:1989;337-368.
    • (1989) J. Econ. Theory , vol.48 , pp. 337-368
    • Marcet, A.1    Sargent, T.J.2
  • 25
    • 84934453152 scopus 로고
    • Convergence of least squares learning in environments with hidden state variables and private information
    • Marcet A., Sargent T.J. Convergence of least squares learning in environments with hidden state variables and private information. J. Pol. Econ. 97:1989;1306-1322.
    • (1989) J. Pol. Econ. , vol.97 , pp. 1306-1322
    • Marcet, A.1    Sargent, T.J.2
  • 26
    • 49049125815 scopus 로고
    • On nonuniqueness in rational expectations models: An attempt at perspective
    • McCallum B.T. On nonuniqueness in rational expectations models: an attempt at perspective. J. Monetary Econ. 11:1983;134-168.
    • (1983) J. Monetary Econ. , vol.11 , pp. 134-168
    • McCallum, B.T.1
  • 27
    • 46549099071 scopus 로고
    • The equity premium: A puzzle
    • Mehra R., Prescott E. The equity premium: a puzzle. J. Monetary Econ. 15:1985;145-162.
    • (1985) J. Monetary Econ. , vol.15 , pp. 145-162
    • Mehra, R.1    Prescott, E.2
  • 28
    • 0039050215 scopus 로고
    • Two problems in applying Ljung's "projection" algorithms to the analysis of decentralized learning
    • Moreno D., Walker M. Two problems in applying Ljung's "projection" algorithms to the analysis of decentralized learning. J. Econ. Theory. 62:1994;420-427.
    • (1994) J. Econ. Theory , vol.62 , pp. 420-427
    • Moreno, D.1    Walker, M.2
  • 31
    • 38249019003 scopus 로고
    • Indeterminacy of stationary equilibrium in stochastic overlapping generations models
    • Spear S.E., Srivastava S., Woodford M. Indeterminacy of stationary equilibrium in stochastic overlapping generations models. J. Econ. Theory. 50:1990;265-284.
    • (1990) J. Econ. Theory , vol.50 , pp. 265-284
    • Spear, S.E.1    Srivastava, S.2    Woodford, M.3
  • 32
    • 0001261843 scopus 로고
    • Learning to believe in sunspots
    • Woodford M. Learning to believe in sunspots. Econometrica. 58:1990;277-307.
    • (1990) Econometrica , vol.58 , pp. 277-307
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.