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Decoupling Markets and Individuals: Rational Expectations Equilibrium Outcomes from Information Dissemination among Boundedly-Rational Traders

Jamal, Karim; Maier, Michael; Sunder, Shyam - Cowles Foundation for Research in Economics, Yale University - 2012

Attainment of rational expectations equilibria in asset markets calls for the price system to disseminate traders’ private information to others. It is known that markets populated by asymmetrically-informed profit-motivated human traders can converge to rational expectations equilibria. This...

Persistent link: https://www.econbiz.de/10010578248

Rational expectations vs. adaptive behavior in a hyperinflationary world : experimental evidence

Marimon, Ramon; Sunder, Shyam - 1988

Persistent link: https://www.econbiz.de/10000133229

Expectations and learning under alternative monetary regimes : an experimental approach

Marimon, Ramon - In: Economic theory : official journal of the Society for … 4 (1994) 1, pp. 131-162

Persistent link: https://www.econbiz.de/10001331866

Allocative efficiency of markets with zero-intelligence traders : market as a partial substitute for individual rationality

Gode, Dhananjay K. - In: Journal of political economy 101 (1993) 1, pp. 119-137

Persistent link: https://www.econbiz.de/10001139748

Market for information : experimental evidence

Sunder, Shyam - In: Econometrica : journal of the Econometric Society, an … 60 (1992) 3, pp. 667-695

Persistent link: https://www.econbiz.de/10001125715

Expectationally driven market volatility : an experimental study

Marimon, Ramon - In: Journal of economic theory 61 (1993) 1, pp. 74-103

Persistent link: https://www.econbiz.de/10001151576

Rational expectations and the aggregation of diverse information in laboratory security markets

Plott, Charles - In: Econometrica : journal of the Econometric Society, an … 56 (1988) 5, pp. 1085-1118

Persistent link: https://www.econbiz.de/10001054004

Simple Agents, Intelligent Markets

Jamal, Karim; Maier, Michael; Sunder, Shyam - Cowles Foundation for Research in Economics, Yale University - 2012

Attainment of rational expectations equilibria in asset markets calls for the price system to disseminate agents’ private information to others. Markets populated by human agents are known to be capable of converging to rational expectations equilibria. This paper reports comparable market...

Persistent link: https://www.econbiz.de/10011207378

Simple agents, intelligent markets

Jamal, Karim; Maier, Michael S.; Sunder, Shyam - In: Computational economics 49 (2017) 4, pp. 653-675

Persistent link: https://www.econbiz.de/10011762170

Speculation and price indeterminacy in financial markets : an experimental study

Hirota, Shin'ichi; Huber, Jürgen; Stöckl, Thomas; … - 2018

Persistent link: https://www.econbiz.de/10011861422