In this paper, we present a first survey of the literature regarding whether the strategy
method, in which a responder makes conditional decisions for each possible information set …

This paper compares three reduced-form models of heterogeneity in survey inflation
expectations. On the one hand, we specify two models of forecasting inflation based on …

This article highlights a potential and significant economic–theoretical bias in the widely
used strategy method (SM) technique. Although SM is commonly employed to analyze …

We present a large-group experiment in which participants predict the price of an asset,
whose realization depends on the aggregation of individual forecasts. The markets consist …

This paper presents models for search behavior and provides experimental evidence that
behavioral heterogeneity in search is linked to heterogeneity in individual preferences …

Purpose–The purpose of this paper is to survey literature on macroeconomic nonlinear
dynamics. Design/methodology/approach–The paper identifies five influential types of …

In repeated number guessing games choices typically converge quickly to the Nash
equilibrium. In positive expectations feedback experiments, however, convergence to the …

This paper assesses how forecasting experts form their expectations about future
government bond spreads. Using monthly survey forecasts for France, Italy and the United …

Minority games are a stylized description of strategic situations with both coordination and
competition. These games are widely studied using either simulations or laboratory …

The experimental 'learning‐to‐forecast'literature finds that subjects use simple linear
backward‐looking models when forecasting in environments with little to no inout the …