Directory UMM :Data Elmu:jurnal:J-a:Journal Of Economic Dynamics And Control:Vol24.Issue5-7.Jul2000:
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This model tries to combine both a well de " ned economic structure in the market trading mechanisms, along with inductive learning using a classi " er- based system..
Using the BDS and the NEGM tests, and 15-s, 1-min and 5-min returns (from September 1 to November 30, 1991), they reject the hypothesis of independence in favor of a nonlinear
Marimon and Sunder (1993) examine a related experimental OLG economy in which the money supply is allowed to grow over time, and " nd that observed price paths tend to converge
The result states that, in the case of a quadratic cost function (or equivalently linear supply), for generic non-linear, decreasing demand curves (and therefore for generic
Although it is true that a correctly speci"ed neural network might be able to learn rational expectations even in more general models, the analysis of the reduced form considered
Several implications for the empirical testing of the relationship between risk and return come from the dynamic nature of this study. In Section 4, we have shown that the intercept
Once the grid had been constructed then the same interpolation routines used to interpolate the value function grids during the construction pro- cedure could be used to interpolate
for every initial resource stock a critical level of debt, below which debt may be steered to zero but above which debt tends to in " nity, no matter how the rate of extraction
