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Learning in a large square economy

Bullard, James Brian; Duffy, John - 1993

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Why macroeconomics needs experimental evidence

Duffy, John - In: The Japanese economic review : the journal of the … 73 (2022) 1, pp. 5-29

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Learning equilibria

Bullard, James Brian - 1991

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Learning, stability, and complicated dynamics

Bullard, James Brian - 1990

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Learning equilibria

Bullard, James Brian - In: Journal of economic theory 64 (1994) 2, pp. 468-485

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Learning, forecasting and optimizing: An experimental study

Bao, Te; Duffy, John; Hommes, Cars - In: European Economic Review 61 (2013) C, pp. 186-204

Rational Expectations (RE) models have two crucial dimensions: (i) agents on average correctly forecast future prices given all available information, and (ii) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental...

Persistent link: https://www.econbiz.de/10011048645