Convergence in models with bounded expected relative hazard rates
نویسندگان
چکیده
منابع مشابه
Convergence in models with bounded expected relative hazard rates
We provide a general framework to study stochastic sequences related to individual learning in economics, learning automata in computer sciences, social learning in marketing, and other applications. More precisely, we study the asymptotic properties of a class of stochastic sequences that take values in [0, 1] and satisfy a property called “bounded expected relative hazard rates.” Sequences th...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2014
ISSN: 0022-0531
DOI: 10.1016/j.jet.2014.09.014