๐”– Bobbio Scriptorium
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Reliability of experimental evidence


Publisher
Elsevier Science
Year
1928
Tongue
English
Weight
125 KB
Volume
205
Category
Article
ISSN
0016-0032

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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.