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Fading Memory Learning in the Cobweb Model with Risk Averse Heterogeneous Producers Author info | Abstract | Publisher info | Download info | Related research | Statistics Peiyuan Zhu
Carl Chiarella
Tony He
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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2003 with number
31.
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Date of creation: 01 Aug 2003Date of revision:
Handle: RePEc:sce:scecf3:31Contact details of provider: Email: Web page: http://comp-econ.org/ More information through EDIRC
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Keywords: Fading Memory Learning ; Heterogeneity ; Cobweb ; Other versions of this item:
Find related papers by JEL classification: D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Chiarella, Carl & He, Xue-Zhong, 2003.
"Dynamics of beliefs and learning under aL-processes -- the heterogeneous case ,"
Journal of Economic Dynamics and Control ,
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Other versions: Onozaki, Tamotsu & Sieg, Gernot & Yokoo, Masanori, 2000.
"Complex dynamics in a cobweb model with adaptive production adjustment ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 41(2), pages 101-115, February.
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Hommes, Cars H., 1991.
"Adaptive learning and roads to chaos : The case of the cobweb ,"
Economics Letters ,
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Branch, William A., 2002.
"Local convergence properties of a cobweb model with rationally heterogeneous expectations ,"
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M. Burton, 1993.
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Barucci, Emilio, 2000.
"Exponentially fading memory learning in forward-looking economic models ,"
Journal of Economic Dynamics and Control ,
Elsevier, vol. 24(5-7), pages 1027-1046, June.
[Downloadable!] (restricted)
Hommes, Cars H., 1998.
"On the consistency of backward-looking expectations: The case of the cobweb ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 33(3-4), pages 333-362, January.
[Downloadable!] (restricted)
Chiarella, Carl, 1988.
"The cobweb model: Its instability and the onset of chaos ,"
Economic Modelling ,
Elsevier, vol. 5(4), pages 377-384, October.
[Downloadable!] (restricted)
Holmes, James M. & Manning, Richard, 1988.
"Memory and market stability : The case of the cobweb ,"
Economics Letters ,
Elsevier, vol. 28(1), pages 1-7.
[Downloadable!] (restricted)
Artstein, Zvi, 1983.
"Irregular cobweb dynamics ,"
Economics Letters ,
Elsevier, vol. 11(1-2), pages 15-17.
[Downloadable!] (restricted)
Carl Chiarella & Xue-Zhong He, 1999.
"The Dynamics of the Cobweb when Producers are Risk Averse Learners ,"
Working Paper Series
90, School of Finance and Economics, University of Technology, Sydney.
[Downloadable!]
Barucci, Emilio, 2001.
"Fading memory learning in a class of forward-looking models with an application to hyperinflation dynamics ,"
Economic Modelling ,
Elsevier, vol. 18(2), pages 233-252, April.
[Downloadable!] (restricted)
Bray, Margaret, 1982.
"Learning, estimation, and the stability of rational expectations ,"
Journal of Economic Theory ,
Elsevier, vol. 26(2), pages 318-339, April.
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Boussard, Jean-Marc, 1996.
"When risk generates chaos ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 29(3), pages 433-446, May.
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Evans, George W. & Honkapohja, Seppo, 1999.
"Learning dynamics ,"
Handbook of Macroeconomics ,
in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 7, pages 449-542
Elsevier.
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Hommes, Cars H., 1994.
"Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 24(3), pages 315-335, August.
[Downloadable!] (restricted)
Evans George W. & Honkapohja Seppo, 1994.
"On the Local Stability of Sunspot Equilibria under Adaptive Learning Rules ,"
Journal of Economic Theory ,
Elsevier, vol. 64(1), pages 142-161, October.
[Downloadable!] (restricted)
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Miroslav Verbic, 2008.
"On the Role of Memory in an Asset Pricing Model with Heterogeneous Beliefs ,"
Financial Theory and Practice ,
Institute of Public Finance, vol. 32(2), pages 195-229.
[Downloadable!]
Domenico Colucci & Vincenzo Valori, 2004.
"Generalised Fading Memory Learning in a Cobweb Model: some evidence ,"
Computing in Economics and Finance 2004
272, Society for Computational Economics.
[Downloadable!]
Verbic, Miroslav, 2006.
"Memory and Asset Pricing Models with Heterogeneous Beliefs ,"
MPRA Paper
1261, University Library of Munich, Germany.
[Downloadable!]
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