Microtheory Seminar Series. "The Asymptotic Cost of Complexity"
Published: 15 January 2025
18 February 2025. Professor Martin Cripps, UCL
Professor Martin Cripps, UCL
"The Asymptotic Cost of Complexity"
Tuesday, 18 February 2025. 16:00-17:30
Room 141A, Adam Smith Business School
Abstract
We propose a measure of learning efficiency for non-finite state spaces. We characterize the complexity of a learning problem by the metric entropy of its state space. We then describe how learning efficiency is determined by this measure of complexity. This is, then, applied to two models where agents learn high-dimensional states.
Bio
Professor of Economics, UCL
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First published: 15 January 2025