𝔖 Bobbio Scriptorium
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Rational expectations in experimental duopoly markets

✍ Scribed by Paul S. Nelson

Book ID
116088446
Publisher
Elsevier Science
Year
1988
Weight
845 KB
Volume
17
Category
Article
ISSN
0090-5720

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πŸ“œ SIMILAR VOLUMES

Quasi-rational expectations: Experimenta
Quasi-rational expectations: Experimental evidence
✍ Robert G. Nelson; David A. Bessler πŸ“‚ Article πŸ“… 1992 πŸ› John Wiley and Sons 🌐 English βš– 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.