Adaptive versus eductive learning: Theory and evidence

• المؤلفون الرئيسيون: Bao, Te, Duffy, John
• مؤلفون آخرون: School of Humanities and Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2017
• الموضوعات: Rational expectations; Adaptive learning
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/83453; http://hdl.handle.net/10220/42625
• المؤسسة: Nanyang Technological University

Adaptive and eductive learning are two widely used ways of modeling the process by which agents learn a rational expectation equilibrium (REE). In this paper we report an experiment where we exploit differences in the conditions under which adaptive and eductive learning converge to REE so as to inv...