all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to … forecast laboratory experiments with human subjects (Hommes et al. 2007), simultaneously and across different treatments …. -- Learning ; heterogeneous expectations ; genetic algorithms ; experimental economics …

expectations rule. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3 …

. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3) where the …

The adaptive learning approach has been fruitfully employed to model the formation of aggregate expectations at the … macroeconomic level, as an alternative to rational expectations. This paper uses adaptive learning to understand, instead, the … sentiment, defined as the degrees of excess optimism and pessimism that cannot be justified by the near-rational learning model …

research has not examined whether individual differences in insular sensitivity predict learning to avoid aversive stimuli. In … that in addition to correlating with self-reported anxiety, heightened insular sensitivity may promote learning to avoid …

, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are … experimental data. A simple heterogeneous expectations switching model fits individual learning as well as aggregate macro behavior … effects on inflation in our experimental economies, although convergence can be slow in presence of evolutionary learning …