Coordination of expectations in a Learning-to-Forecast Experiment
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
comunitat-uji-handle4:
TFG-TFMMetadatos
Título
Coordination of expectations in a Learning-to-Forecast ExperimentAutoría
Tutor/Supervisor; Universidad.Departamento
Camacho Cuena, Eva; Universitat Jaume I. Departament d'EconomiaFecha de publicación
2018-07-12Editor
Universitat Jaume IResumen
The development of many aspects or economic variables are affected by the expectations that economic agents have in the markets regarding the development of these variables in the future. In this paper, we show that ... [+]
The development of many aspects or economic variables are affected by the expectations that economic agents have in the markets regarding the development of these variables in the future. In this paper, we show that market behavior depends to a large extent on whether market prices respond positively or negatively to price expectations. In the case of treatment of negative feedback expectations, the prices converge quickly to their fundamental value. This confirms the hypothesis of rational expectations, as it happens in commodity markets. In the case of treatment of positive feedback expectations, the prices have large deviations from the fundamental value. This confirms irrational expectations, as it happens in the financial markets. Therefore, we study individual predictions to see how they react in each kind of feedback of expectations. [-]
Palabras clave / Materias
Descripción
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2017/2018
Tipo de documento
info:eu-repo/semantics/bachelorThesisDerechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- Grau en Economia [292]
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