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• W3206732118 endingPage "100591" @default.
• W3206732118 startingPage "100591" @default.
• W3206732118 abstract "This paper reviews the recent development and new findings of the literature on learning-to-forecast experiments (LtFEs). In general, the stylized finding in the typical LtFEs, namely the rapid convergence to the rational expectations equilibrium in negative feedback markets and persistent bubbles and crashes in positive feedback markets, is a robust result against several deviations from the baseline design (e.g., number of subjects in each market, price prediction versus quantity decision, short term versus long term predictions, predicting price or returns). Recent studies also find a high level of consistency between findings from forecasting data from the laboratory and the field, and forecasting accuracy crucially depends on the complexity of the task." @default.
• W3206732118 created "2021-10-25" @default.
• W3206732118 creator A5009226844 @default.
• W3206732118 creator A5051678915 @default.
• W3206732118 creator A5065911565 @default.
• W3206732118 date "2021-12-01" @default.
• W3206732118 modified "2023-09-24" @default.
• W3206732118 title "Expectation formation in finance and macroeconomics: A review of new experimental evidence" @default.
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