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Expectation formation and regime switches

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  • Otwin Becker
  • Johannes Leitner
  • Ulrike Leopold-Wildburger

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  • Otwin Becker & Johannes Leitner & Ulrike Leopold-Wildburger, 2009. "Expectation formation and regime switches," Experimental Economics, Springer;Economic Science Association, vol. 12(3), pages 350-364, September.
    • Handle: RePEc:kap:expeco:v:12:y:2009:i:3:p:350-364
    DOI: 10.1007/s10683-009-9213-0
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    References listed on IDEAS

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    1. Otwin Becker & Johannes Leitner & Ulrike Leopold‐Wildburger, 2008. "Modeling Expectation Formation Involving Several Sources of Information," German Economic Review, Verein für Socialpolitik, vol. 9(1), pages 96-112, February.
    2. Bloomfield, Robert & Hales, Jeffrey, 2002. "Predicting the next step of a random walk: experimental evidence of regime-shifting beliefs," Journal of Financial Economics, Elsevier, vol. 65(3), pages 397-414, September.
    3. Dwyer, Gerald P, Jr, et al, 1993. "Tests of Rational Expectations in a Stark Setting," Economic Journal, Royal Economic Society, vol. 103(418), pages 586-601, May.
    4. repec:bla:germec:v:9:y:2008:i::p:96-112 is not listed on IDEAS
    5. Barberis, Nicholas & Shleifer, Andrei & Vishny, Robert, 1998. "A model of investor sentiment," Journal of Financial Economics, Elsevier, vol. 49(3), pages 307-343, September.
    6. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70(2), pages 111-111.
    7. Peterson, Steven P. & Reilly, Robert J., 1991. "The rationality of expectations: the blomqvist experiment reconsidered," Journal of Economic Psychology, Elsevier, vol. 12(3), pages 527-533, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mary A. Burke & Michael Manz, 2014. "Economic Literacy and Inflation Expectations: Evidence from a Laboratory Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(7), pages 1421-1456, October.
    2. Meub, Lukas & Proeger, Till & Bizer, Kilian, 2013. "Anchoring: A valid explanation for biased forecasts when rational predictions are easily accessible and well incentivized?," University of Göttingen Working Papers in Economics 166, University of Goettingen, Department of Economics.
    3. Tiziana Assenza & Te Bao & Cars Hommes & Domenico Massaro, 2014. "Experiments on Expectations in Macroeconomics and Finance," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 11-70, Emerald Group Publishing Limited.
    4. Aleksandra Rutkowska & Magdalena Szyszko, 2022. "New DTW Windows Type for Forward- and Backward-Lookingness Examination. Application for Inflation Expectation," Computational Economics, Springer;Society for Computational Economics, vol. 59(2), pages 701-718, February.
    5. Leitner, Johannes & Leopold-Wildburger, Ulrike, 2011. "Experiments on forecasting behavior with several sources of information - A review of the literature," European Journal of Operational Research, Elsevier, vol. 213(3), pages 459-469, September.
    6. Haan, Peter & Peichl, Andreas & Schrenker, Annekatrin & Weizsäcker, Georg & Winter, Joachim, 2022. "Expectation management of policy leaders: Evidence from COVID-19," Journal of Public Economics, Elsevier, vol. 209(C).
    7. Ian Durbach & Gilberto Montibeller, 2018. "Predicting in shock: on the impact of negative, extreme, rare, and short lived events on judgmental forecasts," EURO Journal on Decision Processes, Springer;EURO - The Association of European Operational Research Societies, vol. 6(1), pages 213-233, June.
    8. Meub, Lukas & Proeger, Till & Bizer, Kilian & Spiwoks, Markus, 2015. "Strategic coordination in forecasting – An experimental study," Finance Research Letters, Elsevier, vol. 13(C), pages 155-162.
    9. Filiz, Ibrahim & Nahmer, Thomas & Spiwoks, Markus, 2019. "Herd behavior and mood: An experimental study on the forecasting of share prices," Journal of Behavioral and Experimental Finance, Elsevier, vol. 24(C).
    10. Meub, Lukas & Proeger, Till, 2016. "Can anchoring explain biased forecasts? Experimental evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 12(C), pages 1-13.
    11. Filiz, Ibrahim & Judek, Jan René & Lorenz, Marco & Spiwoks, Markus, 2021. "Reducing algorithm aversion through experience," Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
    12. Bizer, Kilian & Meub, Lukas & Proeger, Till & Spiwoks, Markus, 2014. "Strategic coordination in forecasting: An experimental study," University of Göttingen Working Papers in Economics 195, University of Goettingen, Department of Economics.
    13. Zulia Gubaydullina & Jan René Judek & Marco Lorenz & Markus Spiwoks, 2022. "Comparing Different Kinds of Influence on an Algorithm in Its Forecasting Process and Their Impact on Algorithm Aversion," Businesses, MDPI, vol. 2(4), pages 1-23, October.

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