Reference model based learning in expectation formation: experimental evidence
How do people form expectations about future prices in financial markets? One of the dominant learning rules that explains the forecasting behaviour is the Adaptive Expectation Rule (ADA), which suggests that people adjust their predictions by adapting to the most recent prediction error at a consta...
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| Format: | Conference Paper |
| Language: | English |
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2024
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| Online Access: | https://hdl.handle.net/10356/175390 https://comp-econ.com/30th-conference/ |