Bounded rationality

BD Jones - Annual review of political science, 1999 - annualreviews.org
▪ Abstract Findings from behavioral organization theory, behavioral decision theory, survey
research, and experimental economics leave no doubt about the failure of rational choice as …

The heterogeneous expectations hypothesis: Some evidence from the lab

C Hommes - Journal of Economic dynamics and control, 2011 - Elsevier
This paper surveys learning-to-forecast experiments (LtFEs) with human subjects to test
theories of expectations and learning. Subjects must repeatedly forecast a market price …

[图书][B] The economic structure of corporate law

FH Easterbrook, DR Fischel - 1996 - books.google.com
Frank Easterbrook and Daniel Fischel argue that the rules and practices of corporate law
mimic the contractual provisions that investors, managers, and others involved in a …

[引用][C] The politics of attention: How government prioritizes problems

BD Jones - 2005 - books.google.com
On any given day, policymakers are required to address a multitude of problems and make
decisions about a variety of issues, from the economy and education to health care and …

Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality

DK Gode, S Sunder - Journal of political economy, 1993 - journals.uchicago.edu
We report market experiments in which human traders are replaced by" zero-intelligence"
programs that submit random bids and offers. Imposing a budget constraint (ie, not …

Bubbles, crashes, and endogenous expectations in experimental spot asset markets

VL Smith, GL Suchanek, AW Williams - Econometrica: Journal of the …, 1988 - JSTOR
Spot asset trading is studied in an environment in which all investors receive the same
dividend from a known probability distribution at the end of each of T= 15 (or 30) trading …

[图书][B] Why stock markets crash: critical events in complex financial systems

D Sornette - 2009 - degruyter.com
The scientific study of complex systems has transformed a wide range of disciplines in
recent years, enabling researchers in both the natural and social sciences to model and …

The mechanisms of market efficiency

RJ Gilson, RH Kraakman - Va. L. Rev., 1984 - HeinOnline
Solomon, R. Stevenson & D. Schwartz, Corporations Law and Policy: Materials and
Problems 431-53 (1982). There remain exceptions. See, eg, R. Jennings & H. Marsh …

Prediction markets

J Wolfers, E Zitzewitz - Journal of economic perspectives, 2004 - aeaweb.org
We analyze the extent to which simple markets can be used to aggregate disperse
information into efficient forecasts of uncertain future events. Drawing together data from a …

[图书][B] Behavioral rationality and heterogeneous expectations in complex economic systems

C Hommes - 2013 - books.google.com
Recognising that the economy is a complex system with boundedly rational interacting
agents, the book presents a theory of behavioral rationality and heterogeneous expectations …