Do markets mitigate misperceptions of feedback?
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Eyal Ert & Ido Erev & Alvin E. Roth, 2011.
"A Choice Prediction Competition for Social Preferences in Simple Extensive Form Games: An Introduction,"
Games, MDPI, vol. 2(3), pages 1-20, July.
- Erev, Ido & Ert, Eyal & Roth, Alvin E., 2011. "A Choice Prediction Competition for Social Preferences in Simple Extensive Form Games: An Introduction," Scholarly Articles 32067416, Harvard University Department of Economics.
- Alvin E. Roth, 2009.
"What Have We Learned from Market Design?,"
Innovation Policy and the Economy, University of Chicago Press, vol. 9(1), pages 79-112.
- Alvin E. Roth, 2008. "What Have We Learned from Market Design?," Economic Journal, Royal Economic Society, vol. 118(527), pages 285-310, March.
- AlvinE. Roth, 2008. "What Have We Learned from Market Design?," Economic Journal, Royal Economic Society, vol. 118(527), pages 285-310, March.
- Alvin E. Roth, 2008. "What Have We Learned from Market Design?," Innovations: Technology, Governance, Globalization, MIT Press, vol. 3(1), pages 119-147, January.
- Alvin E. Roth, 2009. "What Have We Learned from Market Design?," NBER Chapters, in: Innovation Policy and the Economy, Volume 9, pages 79-112, National Bureau of Economic Research, Inc.
- Alvin E. Roth, 2007. "What Have We Learned From Market Design?," NBER Working Papers 13530, National Bureau of Economic Research, Inc.
- Roth, Alvin, 2008. "What Have We Learned from Market Design?," Scholarly Articles 2579650, Harvard University Department of Economics.
- Roger B. Myerson, 2008.
"Perspectives on Mechanism Design in Economic Theory,"
American Economic Review, American Economic Association, vol. 98(3), pages 586-603, June.
- Myerson, Roger B., 2007. "Perspectives on Mechanism Design in Economic Theory," Nobel Prize in Economics documents 2007-6, Nobel Prize Committee.
- Andrew J. Clark & Herbert Scarf, 2004.
"Optimal Policies for a Multi-Echelon Inventory Problem,"
Management Science, INFORMS, vol. 50(12_supple), pages 1782-1790, December.
- Andrew J. Clark & Herbert Scarf, 1960. "Optimal Policies for a Multi-Echelon Inventory Problem," Management Science, INFORMS, vol. 6(4), pages 475-490, July.
- Plott, Charles R & Sunder, Shyam, 1988.
"Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets,"
Econometrica, Econometric Society, vol. 56(5), pages 1085-1118, September.
- Plott, Charles R. & Sunder, Shyam., "undated". "Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets," Working Papers 463, California Institute of Technology, Division of the Humanities and Social Sciences.
- Green, Edward J & Porter, Robert H, 1984.
"Noncooperative Collusion under Imperfect Price Information,"
Econometrica, Econometric Society, vol. 52(1), pages 87-100, January.
- Green, Edward J. & Porter, Robert H., 1982. "Noncooperative Collusion Under Imperfect Price Information," Working Papers 367, California Institute of Technology, Division of the Humanities and Social Sciences.
- Edward J Green & Robert H Porter, 1997. "Noncooperative Collusion Under Imperfect Price Information," Levine's Working Paper Archive 1147, David K. Levine.
- Smith, Vernon L, 1982. "Microeconomic Systems as an Experimental Science," American Economic Review, American Economic Association, vol. 72(5), pages 923-955, December.
- Cronin, Matthew A. & Gonzalez, Cleotilde & Sterman, John D., 2009. "Why don't well-educated adults understand accumulation? A challenge to researchers, educators, and citizens," Organizational Behavior and Human Decision Processes, Elsevier, vol. 108(1), pages 116-130, January.
- Vernon L. Smith, 2003.
"Constructivist and Ecological Rationality in Economics,"
American Economic Review, American Economic Association, vol. 93(3), pages 465-508, June.
- Smith, Vernon L., 2002. "Constructivist and Ecological Rationality in Economics," Nobel Prize in Economics documents 2002-7, Nobel Prize Committee.
- John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
- Mark Paich & John D. Sterman, 1993. "Boom, Bust, and Failures to Learn in Experimental Markets," Management Science, INFORMS, vol. 39(12), pages 1439-1458, December.
- Sterman, John & Booth Sweeney, Linda, 2002. "Cloudy Skies: Assessing Public Understanding of Global Warming," Working papers 4361-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Simon, Herbert A, 1979.
"Rational Decision Making in Business Organizations,"
American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
- Simon, Herbert A., 1978. "Rational Decision-Making in Business Organizations," Nobel Prize in Economics documents 1978-1, Nobel Prize Committee.
- John D. Sterman, 1989. "Modeling Managerial Behavior: Misperceptions of Feedback in a Dynamic Decision Making Experiment," Management Science, INFORMS, vol. 35(3), pages 321-339, March.
- Don N. Kleinmuntz, 1985. "Cognitive Heuristics and Feedback in a Dynamic Decision Environment," Management Science, INFORMS, vol. 31(6), pages 680-702, June.
- Plott, Charles R, 1982.
"Industrial Organization Theory and Experimental Economics,"
Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1485-1527, December.
- Plott, Charles R., "undated". "Industrial Organization Theory and Experimental Economics," Working Papers 405, California Institute of Technology, Division of the Humanities and Social Sciences.
- Arango, Santiago & Moxnes, Erling, 2012. "Commodity cycles, a function of market complexity? Extending the cobweb experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 321-334.
- Smith, Vernon L & Suchanek, Gerry L & Williams, Arlington W, 1988. "Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets," Econometrica, Econometric Society, vol. 56(5), pages 1119-1151, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Inge Bleijenbergh & Jac Vennix & Eric Jacobs & Marloes Engen, 2016. "Understanding decision making about balancing two stocks: the faculty gender balancing task," System Dynamics Review, System Dynamics Society, vol. 32(1), pages 6-25, January.
- James Rogers & Edward J. Gallaher & David Dingli, 2018. "Personalized ESA doses for anemia management in hemodialysis patients with end‐stage renal disease," System Dynamics Review, System Dynamics Society, vol. 34(1-2), pages 121-153, January.
- Steve Evans & Doroteya Vladimirova & Maria Holgado & Kirsten Van Fossen & Miying Yang & Elisabete A. Silva & Claire Y. Barlow, 2017. "Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models," Business Strategy and the Environment, Wiley Blackwell, vol. 26(5), pages 597-608, July.
- Delgado-Alvarez, Carlos A. & van Ackere, Ann & Larsen, Erik R & Arango-Aramburo, Santiago, 2017. "Managing capacity at a service facility: An experimental approach," European Journal of Operational Research, Elsevier, vol. 259(1), pages 216-228.
- Langley, Paul & Rieple, Alison, 2021. "Incumbents’ capabilities to win in a digitised world: The case of the fashion industry," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
- Torres, Juan Pablo & Kunc, Martin & O'Brien, Frances, 2017. "Supporting strategy using system dynamics," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1081-1094.
- Matteo Cristofaro, 2016. "Cognitive styles in dynamic decision making: a laboratory experiment," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 15(1), pages 53-82.
- Kirsten Davis & Navid Ghaffarzadegan & Jacob Grohs & Dustin Grote & Niyousha Hosseinichimeh & David Knight & Hesam Mahmoudi & Konstantinos Triantis, 2020. "The Lake Urmia vignette: a tool to assess understanding of complexity in socio‐environmental systems," System Dynamics Review, System Dynamics Society, vol. 36(2), pages 191-222, April.
- Villa, Sebastián, 2022. "Competing for supply and demand: Understanding retailers' ordering decisions," International Journal of Production Economics, Elsevier, vol. 244(C).
- John Sterman, 2018. "System dynamics at sixty: the path forward," System Dynamics Review, System Dynamics Society, vol. 34(1-2), pages 5-47, January.
- Martin F. G. Schaffernicht & Stefan N. Groesser, 2016. "A competence development framework for learning and teaching system dynamics," System Dynamics Review, System Dynamics Society, vol. 32(1), pages 52-81, January.
- Santiago Arango-Aramburo & Yuliana Acevedo & Joep Sonnemans, 2019. "The Influence of the Strength of Financial Institutions and the Investment-Production Delay on Commodity Price Cycles: A Framed Field Experiment with Coffee Farmers in Colombia," De Economist, Springer, vol. 167(4), pages 347-358, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Arango, Santiago & Moxnes, Erling, 2012. "Commodity cycles, a function of market complexity? Extending the cobweb experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 321-334.
- Arango, Santiago & Castañeda, Jaime A. & Larsen, Erik R., 2013. "Mothballing in power markets: An experimental study," Energy Economics, Elsevier, vol. 36(C), pages 125-134.
- Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, April.
- Strohhecker, Jürgen & Leyer, Michael, 2019. "How stock-flow failure and general cognitive ability impact performance in operational dynamic control tasks," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1044-1055.
- Jürgen Strohhecker & Andreas Größler, 2012. "Implementing Sustainable Business Strategies," Systems Research and Behavioral Science, Wiley Blackwell, vol. 29(6), pages 547-570, November.
- Strohhecker, Jürgen & Größler, Andreas, 2013. "Do personal traits influence inventory management performance?—The case of intelligence, personality, interest and knowledge," International Journal of Production Economics, Elsevier, vol. 142(1), pages 37-50.
- Radboud J. Duintjer Tebbens & Kimberly M. Thompson, 2009. "Priority Shifting and the Dynamics of Managing Eradicable Infectious Diseases," Management Science, INFORMS, vol. 55(4), pages 650-663, April.
- Delgado-Alvarez, Carlos A. & van Ackere, Ann & Larsen, Erik R & Arango-Aramburo, Santiago, 2017. "Managing capacity at a service facility: An experimental approach," European Journal of Operational Research, Elsevier, vol. 259(1), pages 216-228.
- Hendijani, Rosa, 2021. "The effect of thinking style on dynamic systems performance: The mediating role of stock-flow understanding," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
- Stephen A. Spiller & Nicholas Reinholtz & Sam J. Maglio, 2020. "Judgments Based on Stocks and Flows: Different Presentations of the Same Data Can Lead to Opposing Inferences," Management Science, INFORMS, vol. 66(5), pages 2213-2231, May.
- Onur Özgün & Yaman Barlas, 2015. "Effects of systemic complexity factors on task difficulty in a stock management game," System Dynamics Review, System Dynamics Society, vol. 31(3), pages 115-146, July.
- Liang Qi & Cleotilde Gonzalez, 2015. "Mathematical knowledge is related to understanding stocks and flows: results from two nations," System Dynamics Review, System Dynamics Society, vol. 31(3), pages 97-114, July.
- Lange, Andreas & Ross, Johannes, 2024. "Internalizing match-dependent externalities," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 356-378.
- Christoph Huber & Christian König-Kersting & Matteo M. Marini, 2022. "Experimenting with Financial Professionals," Working Papers 2022-07, Faculty of Economics and Statistics, Universität Innsbruck, revised Jun 2024.
- Corgnet, Brice & Kujal, Praveen & Porter, David, 2010.
"The effect of reliability, content and timing of public announcements on asset trading behavior,"
Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 254-266, November.
- Brice Corgnet & Praveen Kujal & David Porter, 2010. "The effect of reliability, content and timing of public announcements on asset trading behavior," Post-Print hal-02311959, HAL.
- Corgnet, Brice & Porter, David, 2010. "The effect of reliability, content and timing of public announcements on asset trading behavior," UC3M Working papers. Economics we101204, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Brice Corgnet & Praveen Kujal & David Porter, 2011. "The Effect of Reliability, Content and Timing of Public Announcements on Asset Trading Behavior," Working Papers 11-02, Chapman University, Economic Science Institute.
- Sterman, John., 1986. "Testing behavioral simulation models by direct experiment," Working papers 1752-86., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Sabiou M. Inoua & Vernon L. Smith, 2022.
"Perishable goods versus re-tradable assets: A theoretical reappraisal of a fundamental dichotomy,"
Chapters, in: Sascha Füllbrunn & Ernan Haruvy (ed.), Handbook of Experimental Finance, chapter 15, pages 162-171,
Edward Elgar Publishing.
- Sabiou M. Inoua & Vernon L. Smith, 2022. "Perishable Goods versus Re-tradable Assets: A Theoretical Reappraisal of a Fundamental Dichotomy," Working Papers 22-01, Chapman University, Economic Science Institute.
- Sabiou Inoua & Vernon Smith, 2023. "Perishable Goods versus Re-tradable Assets: A Theoretical Reappraisal of a Fundamental Dichotomy," Papers 2309.03432, arXiv.org.
- Lin, Shengle & Rassenti, Stephen, 2012. "Are under- and over-reaction the same matter? Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 39-61.
- Navid Ghaffarzadegan & Richard C. Larson, 2018. "SD meets OR: a new synergy to address policy problems," System Dynamics Review, System Dynamics Society, vol. 34(1-2), pages 327-353, January.
- Jakob Grazzini, 2013. "Information dissemination in an experimentally based agent-based stock market," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 8(1), pages 179-209, April.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:sysdyn:v:30:y:2014:i:3:p:123-160. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0883-7066 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.