This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …, recurring bubbles arise, where the price is 3 times larger than the fundamental value, which were not seen in former experiments. …

. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3) where the …

expectations rule. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3 …

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to … forecast laboratory experiments with human subjects (Hommes et al. 2007), simultaneously and across different treatments …. -- Learning ; heterogeneous expectations ; genetic algorithms ; experimental economics …