period ahead; in the Volatility treatment, we also elicit subjective confidence intervals of forecasts, which we take as a … measure of perceived volatility. The realized asset price is derived from a Walrasian market equilibrium equation with non …-linear feedback from individual forecasts. Our experimental markets exhibit high volatility, fat tails and other properties typical of …

period ahead; in the Volatility treatment, we also elicit subjective confidence intervals of forecasts, which we take as a … measure of perceived volatility. The realized asset price is derived from a Walrasian market equilibrium equation with non …-linear feedback from individual forecasts. Our experimental markets exhibit high volatility, fat tails and other properties typical of …

the emergence and coordination of expectations in a pure exchange framework. We largely base our study on previous …Notwithstanding the recognized importance of traders' expectations in characterizing the observed market dynamics, for … participants, we observe a higher price volatility, a decreased likelihood of bubble dynamics and, in general, a higher …

expectations. Each market is populated by six subjects and a small fraction of fun- damentalist traders. Realized prices differ …

the emergence and coordination of expectations in a pure exchange framework. We largely base our study on previous …Notwithstanding the recognized importance of traders’ expectations in characterizing the observed market dynamics, for … participants, we observe a higher price volatility, a decreased likelihood of bubble dynamics and, in general, a higher …

increasing subjects’ coordination on a common prediction strategy. -- Experimental economics ; Expectations ; Coordination … period ahead; in the Volatility treatment, we also elicit subjective confidence intervals of forecasts, which we take as a … measure of perceived volatility. The realized asset price is derived from a Walrasian market equilibrium equation with non …

the past. Calibration of simple complexity models with heterogeneous expectations to real financial market data and …