INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS

DOI10.1017/S1365100511000162MaRDI QIDQ5325988zbMATH OpenFDO

Authors Cars Hommes, Thomas C. H. Lux

Publication date 31 July 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100511000162

zbMATH Keywords

experimental economicsgenetic algorithmsheterogeneous expectationslearning

Mathematics Subject Classification ID

Heterogeneous agent models (91B69)

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Cites work

• A Rational Route to Randomness
• An illustration of the essential difference between individual and social learning, and its consequences for computational analyses.
• Can genetic algorithms explain experimental anomalies?
• Expectations and learning under alternative monetary regimes: An experimental approach
• Genetic algorithm learning and the cobweb model
• Genetic learning as an explanation of stylized facts of foreign exchange markets
• scientific article; zbMATH DE number 1425467 (Why is no real title available?)
• Inattentive Producers
• On information and market dynamics: The case of the U. S. beef market
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Statistical properties of genetic learning in a model of exchange rate
• Tackling real-coded genetic algorithms: operators and tools for behavioural analysis
• The heterogeneous expectations hypothesis: Some evidence from the lab
• Time series properties of an artificial stock market
• VOLATILITY CLUSTERING IN FINANCIAL MARKETS: A MICROSIMULATION OF INTERACTING AGENTS

Cited in

(14)

• Carl's nonlinear cobweb
• Cognitive ability and earnings performance: evidence from double auction market experiments
• Modeling expectations with GENEFER -- an artificial intelligence approach
• Learning to bid in sequential Dutch auctions
• Forecasting in a complex environment: machine learning sales expectations in a stock flow consistent agent-based simulation model
• Monetary policy rules in a non-rational world: a macroeconomic experiment
• Financial frictions, the housing market, and unemployment
• Individual expectations, limited rationality and aggregate outcomes
• Evolutionary Switching between Forecasting Heuristics: An Explanation of an Asset-Pricing Experiment
• Complexity study on the Cournot-Bertrand mixed duopoly game model with market share preference
• Learning by doing vs. learning from others in a principal-agent model
• The heterogeneous expectations hypothesis: Some evidence from the lab
• IEL-CDA model: a more accurate theory of behavior in continuous double auctions
• Heuristic modeling of expectation formation in a complex experimental information environment

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