Simple forecasting heuristics that make us smart: Evidence from different market experiments
M Anufriev, C Hommes… - Journal of the European …, 2019 - academic.oup.com
In this paper we address the question of how individuals form expectations and invent,
reinforce, and update their forecasting rules in a complex world. We do so by fitting a novel …
reinforce, and update their forecasting rules in a complex world. We do so by fitting a novel …
Monetary policy rules in a non-rational world: A macroeconomic experiment
F Mauersberger - Journal of Economic Theory, 2021 - Elsevier
This paper introduces a learning-to-forecast laboratory experiment based on a New-
Keynesian macroeconomy that is particularly close to the model's microfoundations. In this …
Keynesian macroeconomy that is particularly close to the model's microfoundations. In this …
Traders, forecasters and financial instability: A model of individual learning of anchor-and-adjustment heuristics.
T Makarewicz - Journal of Economic Behavior & Organization, 2021 - Elsevier
Abstract Bao et al.(2017) show that in laboratory subjects have problems with both trading
an experimental asset and forecasting its price. In this paper I explore these experimental …
an experimental asset and forecasting its price. In this paper I explore these experimental …
[PDF][PDF] Learning to forecast with genetic algorithms
In this paper we study a model in which agents independently optimize first order price
forecasting rule with Genetic Algorithms. This agent-based model (inspired by Hommes and …
forecasting rule with Genetic Algorithms. This agent-based model (inspired by Hommes and …
Initial anchors and limited information in learning-to-forecast experiments
W Xiao - Journal of Economic Behavior & Organization, 2024 - Elsevier
In this paper, I introduce two novel treatments into learning-to-forecast experiments: an initial
anchor and a limited information treatment. The initial anchor pins down the subjects' initial …
anchor and a limited information treatment. The initial anchor pins down the subjects' initial …