Lessons from Learning to Have Rational Expectations

Research, Preprint OPEN
Lindh, Thomas;
(1989)
  • Publisher: The Research Institute of Industrial Economics (IUI) Stockholm
  • Subject: selection problems | bounded rationality | Rational learning; bounded rationality; selection problems; information | Rational learning | information | D83
    • ddc: ddc:330
      jel: jel:D83

This paper reviews a growing literature investigating how economic agents may learn rational expectations. Fully rational learning requires implausible initial information assumptions, therefore some form of bounded rationality has come into focus. Such learning models ... View more
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