LEARNING IN COBWEB EXPERIMENTS
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Publication:5439970
DOI10.1017/S1365100512060208zbMath1138.91029OpenAlexW3121924600MaRDI QIDQ5439970
Henk van de Velden, Jan Tuinstra, Joep Sonnemans, Cars H. Hommes
Publication date: 30 January 2008
Full work available at URL: https://doi.org/10.1017/s1365100512060208
Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Rationality and learning in game theory (91A26)
Related Items (16)
Learning to collude tacitly on production levels by oligopolistic agents ⋮ Price stabilization using buffer stocks ⋮ Stabilizing expectations at the zero lower bound: experimental evidence ⋮ Carl's nonlinear cobweb ⋮ A laboratory experiment on the heuristic switching model ⋮ A cobweb model of land-use competition between food and bioenergy crops ⋮ The heterogeneous expectations hypothesis: Some evidence from the lab ⋮ Analysis of Bank Leverage via Dynamical Systems and Deep Neural Networks ⋮ When panic makes you blind: a chaotic route to systemic risk ⋮ Positive welfare effects of trade barriers in a dynamic partial equilibrium model ⋮ On the role of heuristics -- experimental evidence on inflation dynamics ⋮ The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: a behavioral finance approach ⋮ Can competition between forecasters stabilize asset prices in learning to forecast experiments? ⋮ Evolutionary dynamics in markets with many trader types ⋮ Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation ⋮ When speculators meet suppliers: positive versus negative feedback in experimental housing markets
Cites Work
- Expectationally driven market volatility: An experimental study
- Genetic algorithm learning and the cobweb model
- Indeterminacy of Equilibria in a Hyperinflationary World: Experimental Evidence
- Rational Expectations Equilibria, Learning, and Model Specification
- A Rational Route to Randomness
- Expectations Formation and Stability of Large Socioeconomic Systems
- Anchoring Economic Predictions in Common Knowledge
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