| Authors | H.M. Amman, D.A. Kendrick, S. Achath |
| Title | Solving stochastic optimization models with learning and rational expectations |
| Journal | Economics Letters |
| Volume | 48 |
| Year | 1995 |
| Issue | 1 |
| Pages | 9-13 |
| ISSN | 01651765 |
| Faculty | Faculty of Economics and Business |
| Institute/dept. | FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM) |
| Keywords | Learning; Rational expectations; Stochastic control; Forward variables |
| Abstract | In this paper we present a general single-agent stochastic dynamic optimization model that is capable of dealing with learning and with rational expectations. We obtain the solution by solving at every time step the rational expectations model and then applying existing optimization schemes to derive the optimal solution. |
| Document type | Article |
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