Convergence to Rational Expectations in Learning Models: A Note of Caution

A NOTE TO INTERPRETABLE FUZZY MODELS AND THEIR LEARNING

In this paper we turn the attention to a well developed theory of fuzzy/lin-guis-tic models that are interpretable and, moreover, can be learned from the data.We present four different situations demonstrating both interpretability as well as learning abilities of these models.

Learning, convergence, and stability with multiple rational expectations equilibria*

For a linear model with multiple rational expectations equilibria (REE) we discuss the set of possible REE. Solutions include (i) locally unique minimal state variable solutions. taking an AR(I) form and (ii) continua of solutions which may depend on sunspots. We analyze the convergence of econometric learning to the different REE. There exist cases with more than one stable AR(l) solution. It ...

Towards Convergence to a Rational Expectations Equilibrium: An Axiomatic Approach∗

An Example of Convergence to Rational Expectations with Heterogeneous Beliefs

An Example of Convergence to Rational Expectations with Heterogeneous Beliefs Author(s): Mark Feldman Source: International Economic Review, Vol. 28, No. 3 (Oct., 1987), pp. 635-650 Published by: Blackwell Publishing for the Economics Department of the University of Pennsylvania and Institute of Social and Economic Research -Osaka University Stable URL: http://www.jstor.org/stable/2526571 Acces...

a note to interpretable fuzzy models and their learning

in this paper we turn the attention to a well developed theory of fuzzy/lin-guis-tic models that are interpretable and, moreover, can be learned from the data.we present four different situations demonstrating both interpretability as well as learning abilities of these models.