Title of article :
Stochastic mean values, rational expectations, and price movements
Author/Authors :
Sjur Didrik Fl?m، نويسنده , , Charles Horvath، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1998
Abstract :
Numerous economic problems assume the form of finding a fixed point of a continuous self-mapping on a compact interval. We consider instances where the mapping is a parametrized expected value, and we offer an iterative scheme for locating a fixed point. The proposed method can be seen as an adaptive learning method, akin to stochastic approximation.
Keywords :
Fixed point , Stochastic approximation , Rational expectation
Journal title :
Economics Letters
Journal title :
Economics Letters