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)
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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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