Workshop on AI and Machine Learning for Economists Session 7
Apr 19, 2025 - 12:00 PM
to Apr 19, 2025 - 3:00 PM
- Reinforcement Learning and Non-Optimal Economies
- Fundamentals of reinforcement learning (RL) and comparison with value function iteration.
- Solving non-optimal economies with RL:
- Addressing challenges like the absence of Markov properties in equilibria.
- Defining generalized Markov equilibria by expanding the state space.
- Applications of RL to complex macroeconomic settings.