{"product_id":"learning-in-economic-systems-with-jan-wenzelburger-9783540243229","title":"Learning in Economic Systems with Expectations Feedback","description":"\u003cp\u003eRecently economists have more and more focussed on scenarios in which agents' views of the world may be erroneous.\u003c\/p\u003e \u003cp\u003eThese notes introduce the concept of perfect forecasting rules which provide best least-squares predictions along the evolution of an economic system.\u003c\/p\u003e \u003cp\u003eThe framework for nonparametric adaptive learning schemes is developed and it is argued that plausible learning schemes should aim at estimating a perfect forecasting rule taking into account the correct feedback structure of an economy.\u003c\/p\u003e \u003cp\u003eA link is provided between the traditional rational-expectations view and recent behavioristic approaches.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Jan Wenzelburger\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3540243224\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783540243229\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/14\/2006\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 176\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.61lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.41d","brand":"Jan Wenzelburger","offers":[{"title":"Paperback","offer_id":47424561873151,"sku":"9783540243229","price":54.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_309c4a65-02b0-45ac-8386-2ede9fadaf4e.jpg?v=1761531051","url":"https:\/\/www.whiterainbookhouse.com\/products\/learning-in-economic-systems-with-jan-wenzelburger-9783540243229","provider":"WR Book House","version":"1.0","type":"link"}