scholarly journals Structural Inference and the Lucas Critique

2002 ◽  
pp. 183 ◽  
Author(s):  
Collard ◽  
Fève ◽  
Langot
Empirica ◽  
2015 ◽  
Vol 43 (1) ◽  
pp. 61-82 ◽  
Author(s):  
Christian Dreger ◽  
Jürgen Wolters

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Sichao Yang ◽  
Johannes Bill ◽  
Jan Drugowitsch ◽  
Samuel J. Gershman

AbstractMotion relations in visual scenes carry an abundance of behaviorally relevant information, but little is known about how humans identify the structure underlying a scene’s motion in the first place. We studied the computations governing human motion structure identification in two psychophysics experiments and found that perception of motion relations showed hallmarks of Bayesian structural inference. At the heart of our research lies a tractable task design that enabled us to reveal the signatures of probabilistic reasoning about latent structure. We found that a choice model based on the task’s Bayesian ideal observer accurately matched many facets of human structural inference, including task performance, perceptual error patterns, single-trial responses, participant-specific differences, and subjective decision confidence—especially, when motion scenes were ambiguous and when object motion was hierarchically nested within other moving reference frames. Our work can guide future neuroscience experiments to reveal the neural mechanisms underlying higher-level visual motion perception.


1991 ◽  
Vol 9 (4) ◽  
pp. 361-387 ◽  
Author(s):  
Preston J. Miller ◽  
William T. Roberds
Keyword(s):  

2017 ◽  
Vol 33 (14) ◽  
pp. i261-i266 ◽  
Author(s):  
Lila Rieber ◽  
Shaun Mahony

Author(s):  
Christopher Tsoukis

This chapter analyses the Rational Expectations Hypothesis (REH), a pillar of forward-looking macroeconomics that emphasizes expectations. It also develops its implications in terms of ‘market efficiency’ and related concepts. It then reviews New Classical Macroeconomics: its main tenets, the ‘Lucas supply function’ that is crucial for much subsequent theory, and the ‘Lucas island model’ that underpins it. The centrepiece ‘Policy Ineffectiveness Proposition’ (PIP) is developed both intuitively and more formally. Subsequently, the chapter reviews one major line of criticism of PIP, the fact that markets may not clear, based in particular on staggered wage setting. Broader criticisms of the REH, including ‘bounded rationality’, are also reviewed. The chapter concludes with yet another landmark contribution of Robert Lucas, namely the ‘Lucas critique’ of activist stabilization policy.


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