Can I read Predictive Behavior: An Experimental Study (lecture Notes In Economics And Mathematical Systems) on EtoBox?

Predictive Behavior: An Experimental Study (lecture Notes In Economics And Mathematical Systems) by Dr. Gunnar Brennscheidt (auth.) is a nonfiction available to read on EtoBox.

What is Predictive Behavior: An Experimental Study (lecture Notes In Economics And Mathematical Systems) about?

This book describes a series of laboratory experiments (with a total of 167 independent subjects) on forecasting behavior. In all experiments, the time series to be forecasted was generated by an abstract econometric model involving two or three artificial exogenous variables. This designprovides an optimal background for rational expectations and least-squares learning. As expected, these hypotheses do not explain observed forecasting behavior satisfactorily. Some phenomena related to this lack of rationality are studied: Concentration on changes rather than levels,underestimation of changes and overvaluation of volatile exogenous variables. Some learning behavior is observed. Finally, some aspects of individual forecasts such as prominence of "round" number, dispersion, etc.,are studied. Erscheinungsdatum: 29.11.1993

Who reads Predictive Behavior: An Experimental Study (lecture Notes In Economics And Mathematical Systems)?

Author

Dr. Gunnar Brennscheidt (auth.)

Publisher

Springer-Verlag Berlin Heidelberg

Published

1993

Language

EN

ISBN

9783642957185

Category

nonfiction

Subjects

Business, Economics, Management