Individual expectations, limited rationality and aggregate outcomes
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Publication:310944
DOI10.1016/J.JEDC.2012.03.006zbMath1345.91088OpenAlexW3125644265MaRDI QIDQ310944
Te Bao, Joep Sonnemans, Jan Tuinstra, Cars H. Hommes
Publication date: 28 September 2016
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://papers.tinbergen.nl/12016.pdf
experimental economicsexpectation feedbackheuristic switching modelstrategic substitutes and strategic complementsunder and overreaction
Microeconomic theory (price theory and economic markets) (91B24) Financial applications of other theories (91G80) Experimental studies (91A90)
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Cites Work
- The heterogeneous expectations hypothesis: Some evidence from the lab
- Expectationally driven market volatility: An experimental study
- Herding, a-synchronous updating and heterogeneity in memory in a CBS
- Heterogeneous beliefs and routes to chaos in a simple asset pricing model
- Expectations and learning under alternative monetary regimes: An experimental approach
- Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
- Underreaction to fundamental information and asymmetry in mispricing between bullish and bearish markets. An experimental study
- Intrinsic heterogeneity in expectation formation
- Indeterminacy of Equilibria in a Hyperinflationary World: Experimental Evidence
- Cooperation in Experimental Games of Strategic Complements and Substitutes
- A Rational Route to Randomness
- Experience-weighted Attraction Learning in Normal Form Games
- Limited Rationality and Strategic Interaction: The Impact of the Strategic Environment on Nominal Inertia
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