The heterogeneous expectations hypothesis: Some evidence from the lab
The heterogeneous expectations hypothesis: Some evidence from the lab
复制标题
DOI：
10.1016/j.jedc.2010.10.003
复制
发表时间：
2011-01-01
影响因子：
1.9
通讯作者：
Hommes, Cars
中科院分区：
文献类型：
--
作者：
Hommes, Cars
本文调查了人类受试者的学习预测实验（LtFE），以测试期望和学习理论。受试者必须反复预测市场价格，其实现是个人期望的总和。重点是各个预测规则如何在微观层面相互作用，以及它们在总体宏观层面共同创建的结构。我们特别关注实验室实验的证据是否与异质期望一致的问题。 (C) 2010 Elsevier B.V. 保留所有权利。
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, whose realization is an aggregation of individual expectations. Emphasis is given to how individual forecasting rules interact at the micro-level and which structure they cocreate at the aggregate, macro-level. In particular, we focus on the question wether the evidence from laboratory experiments is consistent with heterogeneous expectations. (C) 2010 Elsevier B.V. All rights reserved.