Showing 1 - 2 of 2
We propose the use of a new technique -- symbolic regression -- as a method for inferring the strategies that are being played by subjects in economic decision-making experiments. We begin by describing symbolic regression and our implementation of this technique using genetic programming. We...
Persistent link: https://www.econbiz.de/10005706713
We introduce adaptive learning behavior into a general equilibrium lifecycle economy with capital accumulation. Agents form forecasts of the rate of return to capital assets using least squares autoregressions on past data. We show that, in contrast to the perfect foresight dynamics, a dynamical...
Persistent link: https://www.econbiz.de/10005345490