Agent-Based Learning in 'Islands' with 'Sticky Information': An Explanation for the Persistence of Real Effects
构建了一个模型，家庭通过锚定专业预测来形成收入预期，但因信息不完美而只部分调整，从而在卢卡斯-费尔普斯岛屿场景中解释了实际效应的持续性。
This paper outlines a model where a household forms subjective expectations about his income by 'anchoring' on a professional's forecasts of the aggregate economy. Hence, the household is able to form relative (or real) income expectations. However, he observes the professional's forecasts imperfectly and only adjusts his expectations partially. Using the 'Lucas-Phelps Island' scenario, set in the context of households, we show how persistence of real effects could arise in such a scenario.