Articles
Published 1995-01-01
Keywords
- simple search model,
- learning process
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
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.
Downloads
Download data is not yet available.