The role of expectations in an adaptive search model

Authors

  • Jaime E. Vatter Universidad de Chile

DOI:

https://doi.org/10.24201/ee.v10i1.269

Keywords:

simple search model, learning process

Abstract

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.

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Published

1995-01-01

How to Cite

Vatter, J. E. (1995). The role of expectations in an adaptive search model. Estudios Económicos De El Colegio De México, 10(1), 103–112. https://doi.org/10.24201/ee.v10i1.269

Issue

19-vol. 10, no. 1, january-june, 1995

Section

Articles