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 …

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 …

works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …

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 outcome, respectively. In the experiment we employ three information treatments …