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The formation of experts' expectations on labour markets: Do they run with the pack?
Schanne, Norbert - 2012
same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse … problem and to quantitatively assess answers regarding the initial questions. We find strong evidence for herding in …) included in the model. Compared to counterfactual expectations without herding constructed from the estimates, herding seems to …
Persistent link: https://www.econbiz.de/10010323816
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Adaptive social learning
March, Christoph - 2016
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly interact in social-learning settings with distinct information structures. In each round of interaction, they use their experience gained in past rounds to draw inferences from...
Persistent link: https://www.econbiz.de/10011434567
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Models, inattention and expectation updates
Giacomini, Raffaella; Skreta, Basilikē; Turén, Javier - 2015
Persistent link: https://www.econbiz.de/10011441268
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Models, inattention and Bayesian updates
Turén, Javier; Giacomini, Raffaella; Skreta, Basilikē - 2018
Persistent link: https://www.econbiz.de/10011962536
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Contrarian behavior, information networks and heterogeneous expectations in an asset pricing model
Makarewicz, Tomasz - In: Computational economics 50 (2017) 2, pp. 231-279
Persistent link: https://www.econbiz.de/10011762381
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Models, inattention and expectation updates
Giacomini, Raffaella; Skreta, Basilikē; Turén, Javier - 2016
Persistent link: https://www.econbiz.de/10012171736
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Reflexivity in economics : an experimental examination on the self-referentiality in economic theories
Sandri, Serena - 2009
Persistent link: https://www.econbiz.de/10003752873
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Higher-order beliefs among professional stock market forecasters : some first empirical tests
Rangvid, Jesper; Schmeling, Maik; Schrimpf, Andreas - 2009
forecaster's own forecast. This looks like herding. In our survey, forecasters do not herd for reputational reasons, however …. Instead of herding, we suggest that forecasters form higher-order expectations in the spirit of Keynes (1936). We find that …
Persistent link: https://www.econbiz.de/10003871361
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Do current account forecasters herd? : evidence from the euro area and the G7 countries
Frenkel, Michael; Ruelke, Jan-Christoph; Zimmermann, Lilli - In: Review of international economics 20 (2012) 2, pp. 221-236
Persistent link: https://www.econbiz.de/10009545773
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Heterogeneous expectations leading to bubbles and crashes in asset markets : tipping point, herding behavior and group effect in an agent-based model
Lee, Sunyoung; Lee, Keun - In: Journal of open innovation : technology, market, and … 1 (2015) 12, pp. 1-13
introducing a simple idea of "heterogeneous expectation" and "herding behavior" by which agents in different groups have different … the herding behavior by dividing agents into several groups of varying sizes but with the same expectations. By changing … heterogeneous expectations about prices are combined with herding behavior among agents, so that agents in the same group share the …
Persistent link: https://www.econbiz.de/10011420710