Proportion in school mathematics textbooks: A comparative study

This paper analyses how proportion is introduced and developed in selected mathematics textbooks for middle school students of Portugal, Spain, Brazil, and USA. The analysis focuses on the nature of the approach and on the cognitive demand, structure, and context of the tasks. The results show that the textbooks tend to present tasks at an intermediate level of cognitive demand and with a closed structure. Nonmathematical contexts predominate in three of the four textbooks. However, there are marked differences in the way textbooks approach the conceptual and procedural aspects of proportion. The way the students are addressed also varies, ranging from a questioning/problem solving style, to an explaining/practicing style, each of these styles supporting a rather different kind of activity.Este artigo analisa como proporção é introduzida e desenvolvida nos livros didáticos matemática para alunos do ensino médio (Ensino Fundamental II) em Portugal, Espanha, Brasil e EUA. A análise incide sobre a natureza da abordagem e na demanda cognitiva, estrutura e contexto das tarefas. Os resultados mostram que os livros didáticos tendem a apresentar as tarefas em um nível intermediário de demanda cognitiva e com uma estrutura fechada. Contextos não-matemáticos predominam em três dos quatro livros didáticos analisados. No entanto, há diferenças marcantes no modo como os livros abordam os aspectos conceituais e procedimentais de proporção. A forma didática de tratar o assunto também varia, indo de um estilo de questionamento / resolução de problemas, a um modo explicativo/prático; cada um deles ampara-se em um tipo diferente de atividade

Near-Rational Exuberance

We study how the use of judgement or “add-factors” in macroeconomic forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can exist in standard macroeconomic environments. Examples include a simple asset pricing model and the New Keynesian monetary policy framework. Inclusion of judgement in forecasts can lead to self-fulfilling fluctuations, but without the requirement that the underlying rational expectations equilibrium is locally indeterminate. We suggest ways in which policymakers might avoid unintended outcomes by adjusting policy to minimize the risk of exuberance equilibria

The role of falsification in the development of cognitive architectures: insights from a Lakatosian analysis

It has been suggested that the enterprise of developing mechanistic theories of the human cognitive architecture is flawed because the theories produced are not directly falsifiable. Newell attempted to sidestep this criticism by arguing for a Lakatosian model of scientific progress in which cognitive architectures should be understood as theories that develop over time. However, Newell’s own candidate cognitive architecture adhered only loosely to Lakatosian principles. This paper reconsiders the role of falsification and the potential utility of Lakatosian principles in the development of cognitive architectures. It is argued that a lack of direct falsifiability need not undermine the scientific development of a cognitive architecture if broadly Lakatosian principles are adopted. Moreover, it is demonstrated that the Lakatosian concepts of positive and negative heuristics for theory development and of general heuristic power offer methods for guiding the development of an architecture and for evaluating the contribution and potential of an architecture’s research program

Asset pricing under rational learning about rare disasters : [Version 28 Juli 2011]

This paper proposes a new approach for modeling investor fear after rare disasters. The key element is to take into account that investors’ information about fundamentals driving rare downward jumps in the dividend process is not perfect. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a disaster has occurred. Such a shift in beliefs can trigger massive declines in price-dividend ratios. Pessimistic beliefs persist for some time. Thus, belief dynamics are a source of apparent excess volatility relative to a rational expectations benchmark. Due to the low frequency of disasters, even an infinitely-lived investor will remain uncertain about the exact probability. Our analysis is conducted in continuous time and offers closed-form solutions for asset prices. We distinguish between rational and adaptive Bayesian learning. Rational learners account for the possibility of future changes in beliefs in determining their demand for risky assets, while adaptive learners take beliefs as given. Thus, risky assets tend to be lower-valued and price-dividend ratios vary less under adaptive versus rational learning for identical priors. Keywords: beliefs, Bayesian learning, controlled diffusions and jump processes, learning about jumps, adaptive learning, rational learning. JEL classification: D83, G11, C11, D91, E21, D81, C6

Types of cost in inductive concept learning

Inductive concept learning is the task of learning to assign cases to a discrete set of classes. In real-world applications of concept learning, there are many different types of cost involved. The majority of the machine learning literature ignores all types of cost (unless accuracy is interpreted as a type of cost measure). A few papers have investigated the cost of misclassification errors. Very few papers have examined the many other types of cost. In this paper, we attempt to create a taxonomy of the different types of cost that are involved in inductive concept learning. This taxonomy may help to organize the literature on cost-sensitive learning. We hope that it will inspire researchers to investigate all types of cost in inductive concept learning in more depth

Imperfect knowledge, inflation expectations, and monetary policy

This paper investigates the role that imperfect knowledge about the structure of the economy plays in the formation of expectations, macroeconomic dynamics, and the efficient formulation of monetary policy. Economic agents rely on an adaptive learning technology to form expectations and to update continuously their beliefs regarding the dynamic structure of the economy based on incoming data. The process of perpetual learning introduces an additional layer of dynamic interaction between monetary policy and economic outcomes. We find that policies that would be efficient under rational expectations can perform poorly when knowledge is imperfect. In particular, policies that fail to maintain tight control over inflation are prone to episodes in which the public's expectations of inflation become uncoupled from the policy objective and stagflation results, in a pattern similar to that experienced in the United States during the 1970s. Our results highlight the value of effective communication of a central bank's inflation objective and of continued vigilance against inflation in anchoring inflation expectations and fostering macroeconomic stability. July 2003

Connecting adaptive behaviour and expectations in models of innovation: The Potential Role of Artificial Neural Networks

In this methodological work I explore the possibility of explicitly modelling expectations conditioning the R&D decisions of firms. In order to isolate this problem from the controversies of cognitive science, I propose a black box strategy through the concept of “internal model”. The last part of the article uses artificial neural networks to model the expectations of firms in a model of industry dynamics based on Nelson & Winter (1982)