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Positive expectations feedback experiments and number guessing games as models of financial markets

Sonnemans, Joep; Tuinstra, Jan - 2008

Persistent link: https://www.econbiz.de/10003762592

Decision and strategies in a sequential search experiment

Sonnemans, Joep - 1997

The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play...

Persistent link: https://www.econbiz.de/10011283474

Positive expectations feedback experiments and number guessing games as models of financial markets

Sonnemans, Joep; Tuinstra, Jan - 2008

In repeated number guessing games choices typically converge quickly to the Nash equilibrium. In positive expectations feedback experiments, however, convergence to the equilibrium price tends to be very slow, if it occurs at all. Both types of experimental designs have been suggested as...

Persistent link: https://www.econbiz.de/10011376659

Learning in cobweb experiments

Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003

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 environment. Subjects are asked to predict the next...

Persistent link: https://www.econbiz.de/10011333266

Imitation and belief learning in an oligopoly experiment

Offerman, Theo; Potters, Jan; Sonnemans, Joep - 1997

Persistent link: https://www.econbiz.de/10000976205

Decisions and strategies in a sequential search experiment

Sonnemans, Joep - 1997

Persistent link: https://www.econbiz.de/10000984810

Bubbles, crashes and information contagion in large-group asset market experiments

Hommes, Cars H.; Kopányi-Peuker, Anita; Sonnemans, Joep - 2019

We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...

Persistent link: https://www.econbiz.de/10011979625

The interaction between explicit and relational incentives : an experiment

Sloof, Randolph; Sonnemans, Joep - 2009

We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After … these two variants to play. Theory predicts that subjects will choose the payoff dominated game (representing a bad explicit … contract), because this game better sustains (implicit) relational incentives backed by either reputational or reciprocity …

Persistent link: https://www.econbiz.de/10011378080

Imitation and belief learning in an oligopoly experiment

Offerman, Theo; Potters, Jan; Sonnemans, Joep - 1997

We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash...

Persistent link: https://www.econbiz.de/10010371113

Errors in judicial decisions : experimental results

Sonnemans, Joep; Dijk, Frans van - 2008

Persistent link: https://www.econbiz.de/10003774441