, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price … both forecasting and optimization decisions in an experimental cobweb economy. We report results from four experimental … treatments: 1) subjects form forecasts only, 2) subjects determine quantity only (solve an optimization problem), 3) they do both …

given all available information, and (ii) given expectations, agents solve optimization problems and these solutions in turn … this paper we consider both forecasting and optimization decisions in an experimental cobweb economy. We report results … optimization problem), (3) they do both and (4) they are paired in teams and one member is assigned the forecasting role while the …

available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine … paper we consider both forecasting and optimization decisions in an experimental cobweb economy. We report results from four … experimental treatments: 1) subjects form forecasts only, 2) subjects determine quantity only (solve an optimization problem), 3 …