LIBROS DEL AUTOR: jan wenzelburger

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  • Learning in Economic Systems with Expectations Feedback
    Jan Wenzelburger
    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...
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