Local learning dynamics
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 2008 |
| Tipo de documento: | Artigo |
| Idioma: | eng |
| Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
| Texto Completo: | https://ciencia.iscte-iul.pt/id/ci-pub-22733 http://hdl.handle.net/10071/14979 |
Resumo: | The paper undertakes a detailed characterization of the local dynamic properties of three simple deterministic models involving expectations. The expectations are formed under an adaptive learning process. Allowing for different degrees of learning quality, the analysis reveals the existence of a large variety of possible long term outcomes: in some scenarios, stability and instability are independent of the learning quality; in other circumstances, some minimal requirement on learning efficiency is necessary to attain stability; in some settings, it is even possible that high quality learning may prevent attaining the stable outcome that otherwise is accomplished. |
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Local learning dynamicsThe paper undertakes a detailed characterization of the local dynamic properties of three simple deterministic models involving expectations. The expectations are formed under an adaptive learning process. Allowing for different degrees of learning quality, the analysis reveals the existence of a large variety of possible long term outcomes: in some scenarios, stability and instability are independent of the learning quality; in other circumstances, some minimal requirement on learning efficiency is necessary to attain stability; in some settings, it is even possible that high quality learning may prevent attaining the stable outcome that otherwise is accomplished.Economics Bulletin2018-01-18T11:51:11Z2008-01-01T00:00:00Z20082018-01-18T11:49:43Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://ciencia.iscte-iul.pt/id/ci-pub-22733http://hdl.handle.net/10071/14979eng1545-2921Gomes, O.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:41:21Zoai:repositorio.iscte-iul.pt:10071/14979Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:19:13.745495Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
| dc.title.none.fl_str_mv |
Local learning dynamics |
| title |
Local learning dynamics |
| spellingShingle |
Local learning dynamics Gomes, O. |
| title_short |
Local learning dynamics |
| title_full |
Local learning dynamics |
| title_fullStr |
Local learning dynamics |
| title_full_unstemmed |
Local learning dynamics |
| title_sort |
Local learning dynamics |
| author |
Gomes, O. |
| author_facet |
Gomes, O. |
| author_role |
author |
| dc.contributor.author.fl_str_mv |
Gomes, O. |
| description |
The paper undertakes a detailed characterization of the local dynamic properties of three simple deterministic models involving expectations. The expectations are formed under an adaptive learning process. Allowing for different degrees of learning quality, the analysis reveals the existence of a large variety of possible long term outcomes: in some scenarios, stability and instability are independent of the learning quality; in other circumstances, some minimal requirement on learning efficiency is necessary to attain stability; in some settings, it is even possible that high quality learning may prevent attaining the stable outcome that otherwise is accomplished. |
| publishDate |
2008 |
| dc.date.none.fl_str_mv |
2008-01-01T00:00:00Z 2008 2018-01-18T11:51:11Z 2018-01-18T11:49:43Z |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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publishedVersion |
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https://ciencia.iscte-iul.pt/id/ci-pub-22733 http://hdl.handle.net/10071/14979 |
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https://ciencia.iscte-iul.pt/id/ci-pub-22733 http://hdl.handle.net/10071/14979 |
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eng |
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eng |
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1545-2921 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Economics Bulletin |
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Economics Bulletin |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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