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Ellison, Martin 1 Pearlman, Joseph 1
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Journal of Economic Theory 1
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Saddlepath learning
Ellison, Martin; Pearlman, Joseph - In: Journal of Economic Theory 146 (2011) 4, pp. 1500-1519
Saddlepath learning occurs when agents learn adaptively using a perceived law of motion that has the same form as the saddlepath relationship in rational expectations equilibrium. Under saddlepath learning, we obtain a completely general relationship between determinacy and e-stability, and...
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