{"product_id":"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\n\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\n\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\n\u003cp\u003eA link is provided between the traditional rational-expectations view and recent behavioristic approaches.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePublication Year: \u003c\/strong\u003e2006\u003cbr\u003e\u003cstrong\u003eImprint: \u003c\/strong\u003eSpringer Berlin Heidelberg\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003eFormat: P\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003eWeight (Gram): 610\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003c\/p\u003e","brand":"Jan Wenzelburger","offers":[{"title":"Default Title","offer_id":41251982344370,"sku":"9783540243229","price":109.19,"currency_code":"SGD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0502\/5382\/4178\/products\/3540243224.01_SCLZZZZZZZ.jpg?v=1635779368","url":"https:\/\/readabook.store\/products\/9783540243229","provider":"READABOOK BY ALKEM","version":"1.0","type":"link"}