Endogenous inferential expectations

Sankhe, S

Endogenous inferential expectations

Sankhe, S

Permalink

Publication Type:: Thesis
Issue Date:: 2011

Open Access

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is open access.

Adobe PDF

Download contents and abstractAdobe PDF (110.27 kB)

Adobe PDF

Download thesisAdobe PDF (1.2 MB)

View statistics

Full metadata record

Field	Value	Language
dc.contributor.author	Sankhe, S
dc.date.accessioned	2012-02-14T04:47:55Z
dc.date.accessioned	2012-12-15T03:53:52Z
dc.date.available	2012-02-14T04:47:55Z
dc.date.available	2012-12-15T03:53:52Z
dc.date.issued	2011
dc.identifier.uri	http://hdl.handle.net/10453/20448
dc.description.abstract	Previous research on inferential expectations (IE) (Menzies and Zizzo, 2009) has only considered a test statistic that is exogenous, based on time. This thesis examines the theory of IE for a test statistic that is endogenously determined, and incorporates IE into the standard cobweb model. Three applications are developed; an IE cobweb model nested in adaptive expectations, IE employed to estimate the value of a new parameter, and an IE model which generalises econometric learning. Under the latter, it is shown that belief conservatism results in greater forecast errors, even in a model where equilibrium outcomes are dependent on expectations.	en
dc.format	Thesis (BBus(Hons))	en
dc.language.iso	en	en
dc.relation.replaces	http://hdl.handle.net/2100/1292
dc.title	Endogenous inferential expectations	en
dc.type	Thesis
utslib.copyright.status	open_access

Abstract:

Previous research on inferential expectations (IE) (Menzies and Zizzo, 2009) has only considered a test statistic that is exogenous, based on time. This thesis examines the theory of IE for a test statistic that is endogenously determined, and incorporates IE into the standard cobweb model. Three applications are developed; an IE cobweb model nested in adaptive expectations, IE employed to estimate the value of a new parameter, and an IE model which generalises econometric learning. Under the latter, it is shown that belief conservatism results in greater forecast errors, even in a model where equilibrium outcomes are dependent on expectations.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/20448