Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10013465452
Rational Expectations (RE) models have two crucial dimensions: agents correctly forecast future prices given all available information, and given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such models...
Persistent link: https://www.econbiz.de/10014175810
Persistent link: https://www.econbiz.de/10009762367
Persistent link: https://www.econbiz.de/10010191021
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects (1) submit a price forecast only, (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the...
Persistent link: https://www.econbiz.de/10011333057
Persistent link: https://www.econbiz.de/10011770470
Persistent link: https://www.econbiz.de/10011758710
Persistent link: https://www.econbiz.de/10012543323
Persistent link: https://www.econbiz.de/10012598362
Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such...
Persistent link: https://www.econbiz.de/10014172774