Learning, hypothesis testing, and rational-expectations equilibrium

Foster and Young (2003) provide a model of learning by hypothesis testing that spends almost all of the time approximating Nash equilibria of a repeated game. Here I extend this learning model to a macroeconomic setting, where agents' decisions are informed by hypotheses they hold regarding the...

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Veröffentlicht in:	Games and economic behavior 2015-03, Vol.90, p.99
1. Verfasser:	Norman, Thomas WL
Format:	Artikel
Sprache:	eng
Schlagworte:	Decision making models Game theory Hypotheses Hypothesis testing Learning Macroeconomics Rational expectations Studies
Online-Zugang:	Volltext
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