Learning, Large Deviations and Rare Events
收藏NBER2011-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16816
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资源简介：
We examine the role of generalized constant gain stochastic gradient (SGCG) learning in generating large deviations of an endogenous variable from its rational expectations value. We show analytically that these large deviations can occur with a frequency associated with a fat tailed distribution
提供机构：
美国国家经济研究局
创建时间：
2011-02-01
