Add to ORKGExpectation formation plays a central role in modern economic modeling. Bao et al (2012) study how the expectation feedback system influences the behavior of individual expectations and market price after the fundamental price experiences large unexpected shocks. We find that markets with negative expectation feedback quickly converge to the new fundamental price, while markets with positive expectation feedback do not converge, but show underreaction in the short run and overreaction in the long run. A heterogeneous agent model explains these differences in aggregate outcomes
We present results on expectation formation in a controlled experimental environment. In each period...
In recent “learning to forecast ” experiments (Hommes et al. 2005), three different patterns in aggr...
Which strategies do agents use when forming expectations about future prices, and how often does thi...
We analyse the results of an experiment on expectation formation carried out last year (i.e., 2003) ...
The evolution of many economic variables is affected by expectations that economic agents have with ...
The evolution of many economic variables is affected by expectations that economic agents have with ...
Recent studies suggest that the type of strategic environment or expectation feedback may have a lar...
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2017/2018The development of many asp...
The evolution of many economic variables is affected by expectations that economic agents have with ...
In this paper, we present the results of a Learning-to-Forecast Experiment (LtFE) where we eliciting...
Studying shocks and survey expectations we try to learn the expectations formation process of lay co...
International audienceWe study experimentally the reaction of asset markets to fundamental value (FV...
An economic environment is a feedback system, where dynamics of aggregate variables depend on indivi...
Which strategies do agents use when forming expectations about future prices, and how often does thi...
In modeling expectation formation, economic agents are usually viewed as forming expectations adapti...
We present results on expectation formation in a controlled experimental environment. In each period...
In recent “learning to forecast ” experiments (Hommes et al. 2005), three different patterns in aggr...
Which strategies do agents use when forming expectations about future prices, and how often does thi...
We analyse the results of an experiment on expectation formation carried out last year (i.e., 2003) ...
The evolution of many economic variables is affected by expectations that economic agents have with ...
The evolution of many economic variables is affected by expectations that economic agents have with ...
Recent studies suggest that the type of strategic environment or expectation feedback may have a lar...
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2017/2018The development of many asp...
The evolution of many economic variables is affected by expectations that economic agents have with ...
In this paper, we present the results of a Learning-to-Forecast Experiment (LtFE) where we eliciting...
Studying shocks and survey expectations we try to learn the expectations formation process of lay co...
International audienceWe study experimentally the reaction of asset markets to fundamental value (FV...
An economic environment is a feedback system, where dynamics of aggregate variables depend on indivi...
Which strategies do agents use when forming expectations about future prices, and how often does thi...
In modeling expectation formation, economic agents are usually viewed as forming expectations adapti...
We present results on expectation formation in a controlled experimental environment. In each period...
In recent “learning to forecast ” experiments (Hommes et al. 2005), three different patterns in aggr...
Which strategies do agents use when forming expectations about future prices, and how often does thi...