Matches in SemOpenAlex for { <https://semopenalex.org/work/W70707579> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W70707579 abstract "Based on an assumption of one-way learning, Granato and Wong (2004) consider a framework with two groups of agents, Group L and Group H, where Group L is less and uses the expectations of the more or highly Group H to update their forecasts. The paper shows the effect, which is defined as a situation where the inaccurate forecasts of a less attentive group confound a more attentive group's forecasts. This extended paper relaxes the one-way learning assumption and investigates the case that both groups are learning from each other, i.e., dual learning. Simulations suggest that a boomerang effect still exists. Surprisingly, although the highly attentive group has a full set of information to make forecasts, they still learn from Group L. The reason is that Group H adjusts their forecasts because there is available information in Group L's forecast measurement error. INTRODUCTION This paper follows an adaptive learning model in Granato and Wong (2004) where we assess a dynamic information diffusion process among different groups of agents (in a self-referential model). We build our framework within a general cobweb-type expectation model while it is widely applicable and popular among macroeconomic studies (see Ezekiel, 1938; Muth, 1961; Arifovic, 1994; Brock and Hommes, 1997; Evans and Honkapohja, 2001; and Branch, 2002). Lucas (1973), in particular, models inflation expectations with a cobweb model. In the paper of Granato and Wong (2004), we examine the effect, which is defined as a situation where the inaccurate forecasts of a less attentive group confound a more attentive group's forecasts. We consider a framework with two groups of agents. Both groups use least squares learning to make their forecasts. However, Group L is less and uses the expectations of the more or highly Group H to update their forecasts. We conclude that the inaccuracy of Group L's forecast has a boomerang effect: the inaccurate forecasts of Group L now confound Group" @default.
- W70707579 created "2016-06-24" @default.
- W70707579 creator A5015741293 @default.
- W70707579 creator A5027313836 @default.
- W70707579 date "2005-01-01" @default.
- W70707579 modified "2023-09-27" @default.
- W70707579 title "Information Diffusion in a Cobweb World" @default.
- W70707579 cites W1493376445 @default.
- W70707579 cites W1989413648 @default.
- W70707579 cites W2024892154 @default.
- W70707579 cites W2047347819 @default.
- W70707579 cites W2048060791 @default.
- W70707579 cites W2069699706 @default.
- W70707579 cites W2125534266 @default.
- W70707579 cites W2140494529 @default.
- W70707579 cites W2145930759 @default.
- W70707579 cites W2152717893 @default.
- W70707579 cites W2249623276 @default.
- W70707579 cites W3121196505 @default.
- W70707579 cites W3124088907 @default.
- W70707579 hasPublicationYear "2005" @default.
- W70707579 type Work @default.
- W70707579 sameAs 70707579 @default.
- W70707579 citedByCount "0" @default.
- W70707579 crossrefType "journal-article" @default.
- W70707579 hasAuthorship W70707579A5015741293 @default.
- W70707579 hasAuthorship W70707579A5027313836 @default.
- W70707579 hasConcept C121332964 @default.
- W70707579 hasConcept C149782125 @default.
- W70707579 hasConcept C154945302 @default.
- W70707579 hasConcept C162324750 @default.
- W70707579 hasConcept C177264268 @default.
- W70707579 hasConcept C178790620 @default.
- W70707579 hasConcept C185592680 @default.
- W70707579 hasConcept C199360897 @default.
- W70707579 hasConcept C200941418 @default.
- W70707579 hasConcept C2781311116 @default.
- W70707579 hasConcept C33332235 @default.
- W70707579 hasConcept C41008148 @default.
- W70707579 hasConceptScore W70707579C121332964 @default.
- W70707579 hasConceptScore W70707579C149782125 @default.
- W70707579 hasConceptScore W70707579C154945302 @default.
- W70707579 hasConceptScore W70707579C162324750 @default.
- W70707579 hasConceptScore W70707579C177264268 @default.
- W70707579 hasConceptScore W70707579C178790620 @default.
- W70707579 hasConceptScore W70707579C185592680 @default.
- W70707579 hasConceptScore W70707579C199360897 @default.
- W70707579 hasConceptScore W70707579C200941418 @default.
- W70707579 hasConceptScore W70707579C2781311116 @default.
- W70707579 hasConceptScore W70707579C33332235 @default.
- W70707579 hasConceptScore W70707579C41008148 @default.
- W70707579 hasLocation W707075791 @default.
- W70707579 hasOpenAccess W70707579 @default.
- W70707579 hasPrimaryLocation W707075791 @default.
- W70707579 hasRelatedWork W1501065260 @default.
- W70707579 hasRelatedWork W1570413693 @default.
- W70707579 hasRelatedWork W1572618776 @default.
- W70707579 hasRelatedWork W1578557042 @default.
- W70707579 hasRelatedWork W190546068 @default.
- W70707579 hasRelatedWork W2067530878 @default.
- W70707579 hasRelatedWork W2067705975 @default.
- W70707579 hasRelatedWork W2078574392 @default.
- W70707579 hasRelatedWork W2099767602 @default.
- W70707579 hasRelatedWork W2299475904 @default.
- W70707579 hasRelatedWork W2356413053 @default.
- W70707579 hasRelatedWork W2548773922 @default.
- W70707579 hasRelatedWork W2767032540 @default.
- W70707579 hasRelatedWork W2907644664 @default.
- W70707579 hasRelatedWork W2909071519 @default.
- W70707579 hasRelatedWork W2994623453 @default.
- W70707579 hasRelatedWork W3124486855 @default.
- W70707579 hasRelatedWork W3187943403 @default.
- W70707579 hasRelatedWork W572318459 @default.
- W70707579 hasRelatedWork W94198628 @default.
- W70707579 isParatext "false" @default.
- W70707579 isRetracted "false" @default.
- W70707579 magId "70707579" @default.
- W70707579 workType "article" @default.