(A)symmetric Equilibria And Adaptive Learning Dynamics in Small-Committee Voting

2021 ◽  
Author(s):  
Kirill Chernomaz ◽  
Johanna Goertz
2018 ◽  
Vol 5 (4) ◽  
pp. 265-282
Author(s):  
Miguel A. Dumett ◽  
◽  
Roberto Cominetti ◽  

2013 ◽  
Vol 19 (2) ◽  
pp. 245-269 ◽  
Author(s):  
Michele Berardi ◽  
John Duffy

We explore real-time adaptive nonlinear learning dynamics in stochastic macroeconomic systems. Rather than linearizing nonlinear Euler equations where expectations play a role around a steady state, we instead approximate the nonlinear expected values using the method of parameterized expectations. Further, we assume that these approximated expectations are updated in real time as new data become available. We argue that this method of real-time parameterized expectations learning provides a plausible alternative to real-time adaptive learning dynamics under linearized versions of the same nonlinear system, and we provide a comparison of the two approaches.


2007 ◽  
Author(s):  
Ivelisse Lazzarini ◽  
Glenda Eoyang

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