Download This PaperModeling Expectations in Agent-Based Models: A Proposal
10 Pages Posted: 18 Dec 2013
Date Written: December 17, 2013
Abstract
This paper shows a possible modeling strategy of agents' expectation formation in the agent-based models (ABM). After a brief survey about the introduction of expectation in macroeconomics the work discusses the use of the CEE-SAC learning scheme suggested in Hommes (2013).
Keywords: Expectations, Agent-Based Models
Suggested Citation: Suggested Citation
Palestrini, Antonio, Modeling Expectations in Agent-Based Models: A Proposal (December 17, 2013). Available at SSRN: https://ssrn.com/abstract=2368810 or http://dx.doi.org/10.2139/ssrn.2368810
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