Coordination of expectations in a Learning-to-Forecast Experiment
Visualitza/
Metadades
Mostra el registre complet de l'elementcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
comunitat-uji-handle4:
TFG-TFMMetadades
Títol
Coordination of expectations in a Learning-to-Forecast ExperimentAutoria
Tutor/Supervisor; Universitat.Departament
Camacho Cuena, Eva; Universitat Jaume I. Departament d'EconomiaData de publicació
2018-07-12Editor
Universitat Jaume IResum
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. [-]
Paraules clau / Matèries
Descripció
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2017/2018
Tipus de document
info:eu-repo/semantics/bachelorThesisDrets d'accés
info:eu-repo/semantics/openAccess
Apareix a les col.leccions
- Grau en Economia [289]
Els següents fitxers sobre la llicència estan associats a aquest element: