Arifovic, Jasmina; Duffy, John - In: Handbook of computational economics : Volume 4: …, (pp. 491-540). 2018
We report on experimental evidence rationalizing the use of heterogeneous agent models. We provide compelling evidence … heterogeneous, boundedly rational agents can often deliver predictions that are a better fit to the experimental data at both the … experimental studies developed to address questions in macroeconomics and finance. …