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Query: faculty: "FEB" and publication year: "2010"

AuthorC. Hommes
TitleThe heterogeneous expectations hypothesis: some evidence from the lab
PublisherUniversiteit van Amsterdam
PlaceAmsterdam
Year2010
Pages51
Title seriesCeNDEF working paper
Series number10-06
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractThis 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 forecasts. Emphasis is given to how individual forecasting rules interact at the micro level and which structure they co-create at the aggregate, macro level. In particular, we focus on the question wether the evidence from laboratory experiments is consistent with heterogeneous expectations.
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