A Test of the Rational Expectations Hypothesis using data froma Natural Experiment
Year of publication: |
2009
|
---|---|
Authors: | Del Conte, Anna ; Moffatt, Peter G. ; Di Cagno, Daniela T. ; Botti, Fabrizio ; D´Ippoliti, Carlo |
Institutions: | Max-Planck-Institut für Ökonomik <Jena> / Abteilung Strategische Interaktion |
Subject: | Entscheidungstheorie | decision theory | Monte-Carlo-Simulation | Rationalität | rational behaviour | Auswahl | rational choice | Risikobereitschaft |
- 1. Introduction
- 2. The game
- 3. Modelling choice rules
- 4. The econometric choice model
- 5. Estimation of the choice model and a test of rational expectations
- 6. A “rule of thumb” belief function6. A “rule of thumb” belief function
- 7. Introducing randomness in contestants’ beliefs
- 8. A mixture model of myopic and forward-looking behaviour
- 9. Conclusion
- Appendix 1: Monte Carlo Simulation
- Appendix 2: Modelling the Banker’s Offer function
- References
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A Note on the Risk Behavior and Death of Homo Economicus
Johansson-Stenman, Olof, (2006)
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Schmitt, Stefanie Yvonne, (2016)
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