Determinacy and Stability under Learning of Rational Expectations Equilibria

A Stochastic Approximation Method

Herbert Robbins, Sutton Monro · The Annals of Mathematical Statistics · 1951 · 9.6K citations · Full text

Computing, Computer Science, Algorithms +9

Analysis of recursive stochastic algorithms

Lennart Ljung · IEEE Transactions on Automatic Control · 1977 · 1.5K citations

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Convergence of least squares learning mechanisms in self-referential linear stochastic models

Albert Marcet, Thomas J. Sargent · Journal of Economic Theory · 1989 · 879 citations

Engineering, Psychology, Statistical Modeling +11

Adaptive Behavior and Economic Theory

Robert E. Lucas · The Journal of Business · 1986 · 476 citations

Social Sciences, Economics, Psychology +8

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Michael Woodford · Econometrica · 1990 · 290 citations

Social Sciences, Economics, Behavioral Economics +16