We study social learning in a social network setting where agents receive independent noisy signals about the truth …

This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …, recurring bubbles arise, where the price is 3 times larger than the fundamental value, which were not seen in former experiments. …

JMG's ideas of self-fulfilling mistakes. Some of our learning-to-forecast laboratory experiments with human subjects have …This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of …

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 …

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 …

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 …