When are adaptive expectations rational? A generalization

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 115
Issue: 1
Pages: 4-6

Authors (1)

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This note presents a simple generalization of the adaptive expectations mechanism in which the learning parameter is time variant. Expectations generated in this way minimize mean squared forecast errors for any linear state space model.

Technical Details

RePEc Handle
repec:eee:ecolet:v:115:y:2012:i:1:p:4-6
Journal Field
General
Author Count
1
Added to Database
2026-01-29