The role of expectations in an adaptive search model
DOI:
https://doi.org/10.24201/ee.v10i1.269Keywords:
simple search model, learning processAbstract
The purpose of chis paper is to find sufficient conditions under which the results of the simple search model are preserved when learning is allowed. It is shown that the properties of the simple search model are preserved with very simple assumptions. Intuitively, we need a "nonexplosive" agent. That is, expectations must be smooth.
Downloads
Downloads
Published
How to Cite
-
Abstract370
-
PDF187