. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3) where the …

organize data well in previous experiments meant to test other concepts. This experiment provides the first systematic test of …

the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition … experiments. …

size of credible deviations. ACDC organizes the results from several cheap talk experiments in which behavior converged to …

, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are … experimental data. A simple heterogeneous expectations switching model fits individual learning as well as aggregate macro behavior … effects on inflation in our experimental economies, although convergence can be slow in presence of evolutionary learning. …

and realizations. We discuss three case-studies. Firstly, a New Keynesian macro model with a representative agent learning …-reverting fundamental rule and a trend-following rule, based upon their past performance. The third example concerns learning …-to-forecast laboratory experiments, where under positive feedback individuals coordinate expectations on non-rational, almost self …

trend-following rule, based upon their relative performance. We also discuss learning-to-forecast laboratory experiments …We discuss recent work on bounded rationality and learning in relation to Soros' principle of reflexivity and stress …

whether the market can learn the rational fundamental price. We present an experiment where the fundamental price experiences … the short run and over-reaction in the long run. A simple evolutionary selection model of individual learning explains …

Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …