Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations
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DOI: 10.1515/snde-2017-0082
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More about this item
Keywords
cobweb model; endogenous fluctuations; heterogeneous expectations; periodical expectations;All these keywords.
JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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