We estimate a Bayesian learning model with heterogeneity aimed at explaining expert forecast disagreement and its evolution over horizons. Disagreement is postulated to have three components due to differences in: i) the initial prior beliefs, ii) the weights attached on priors, and iii)...

In a system where expectations and realisations of a price feed back to each other, it has been found that the sign and strength of this feedback is an important predictor of the market stability. In this paper we contribute to the generalisation of this result to a two dimensional system, where...

In this paper, the author reflects on his 10 years' experience of using games and experiments and in the process develops a type of practitioner's guide. The existing quantitative and qualitative evidence on the impact of using games on student learning is reviewed. On balance, a positive...