Mostrar el registro sencillo del ítem
The effect of time‑varying fundamentals in learning‑to‑forecast experiments
dc.contributor.author | Alfarano, Simone | |
dc.contributor.author | Camacho Cuena, Eva | |
dc.contributor.author | Colasante, Annarita | |
dc.contributor.author | Ruiz-Buforn, Alba | |
dc.date.accessioned | 2023-12-20T13:04:17Z | |
dc.date.available | 2023-12-20T13:04:17Z | |
dc.date.issued | 2023 | |
dc.identifier.citation | Alfarano, S., Camacho-Cuena, E., Colasante, A. et al. The effect of time-varying fundamentals in learning-to-forecast experiments. J Econ Interact Coord (2023). https://doi.org/10.1007/s11403-023-00397-6 | ca_CA |
dc.identifier.uri | http://hdl.handle.net/10234/205239 | |
dc.description.abstract | Inspired by macroeconomic scenarios, we aim to experimentally investigate the evolution of short- and long-run expectations under diferent specifcations of the fundamentals. We collect individual predictions for future prices in a series of Learning to Forecast Experiments with a time-varying fundamental value. In particular, we observe how expectations evolve in markets where the fundamental value follows either a V-shaped or an inverse V-shaped pattern. These conditions are compared with markets characterized by a constant and a slightly linear increasing fundamental value. We assess whether minor but systematic variations in the fundamentals afect individual short- and long-run expectations by considering positive and negative feedback-expectation systems. Compared to a setting with constant fundamentals, the slowly varying fundamentals have a limited impact on how subjects form their expectations in positive feedback markets, whereas in negative feedback markets we observe notable changes. | ca_CA |
dc.description.sponsorShip | Funding for open access charge: CRUE-Universitat Jaume I | |
dc.format.extent | 29 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Springer | ca_CA |
dc.relation.isPartOf | Journal of Economic Interaction and Coordination | ca_CA |
dc.rights | © The Author(s) 2023 This article is licensed under a Creative Commons Attribution 4.0 International License | ca_CA |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | ca_CA |
dc.subject | Long-run expectations | ca_CA |
dc.subject | Coordination | ca_CA |
dc.subject | Convergence | ca_CA |
dc.subject | Heterogeneous expectations | ca_CA |
dc.subject | Expectations feedback | ca_CA |
dc.subject | Experimental economics | ca_CA |
dc.title | The effect of time‑varying fundamentals in learning‑to‑forecast experiments | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | https://doi.org/10.1007/s11403-023-00397-6 | |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca_CA |
dc.relation.publisherVersion | https://link.springer.com/article/10.1007/s11403-023-00397-6 | ca_CA |
dc.type.version | info:eu-repo/semantics/publishedVersion | ca_CA |
project.funder.name | Generalitat Valenciana | ca_CA |
project.funder.name | Ministerio de Ciencia e Innovación | ca_CA |
project.funder.name | Universitat Jaume I | ca_CA |
oaire.awardNumber | AICO/2021/005 | ca_CA |
oaire.awardNumber | PID2022-136977NB-00 | ca_CA |
oaire.awardNumber | CIGE/2022/132 | ca_CA |
oaire.awardNumber | UJI-B2021-66 | ca_CA |
Ficheros en el ítem
Este ítem aparece en la(s) siguiente(s) colección(ones)
-
ECO_Articles [696]