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Quasi-rational expectations

✍ Scribed by Christophe Hénocq; Hubert Kempf

Book ID
116100647
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
291 KB
Volume
30
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Quasi-rational expectations: Experimenta
Quasi-rational expectations: Experimental evidence
✍ Robert G. Nelson; David A. Bessler 📂 Article 📅 1992 🏛 John Wiley and Sons 🌐 English ⚖ 777 KB

The theory of quasi-rational expectations was tested under the controlled conditions of the economics laboratory. Five experiments were conducted with a variety of stochastic processes. In each experiment, subjects produced one-step-ahead forecasts of the variable generated by a Monte Carlo process.