Mauersberger, Felix; Nagel, Rosemarie; Bühren, Christoph - In: Economics: The Open-Access, Open-Assessment E-Journal 14 (2020) 2020-16, pp. 1-38
The great recession (2008) triggered an apparent discrepancy between empirical findings and macroeconomic models based on rational expectations alone. This gap led to a series of recent developments of a behavioral microfoundation of macroeconomics combined with the underlying experimental and...
