Are biased beliefs fit to survive? An experimental test of the market selection hypothesis

DOI10.1016/J.JET.2018.04.005zbMath1419.91220OpenAlexW2796537692WikidataQ130038025 ScholiaQ130038025MaRDI QIDQ1757577

Chad Kendall, Ryan Oprea

Publication date: 15 January 2019

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2018.04.005

zbMATH Keywords

Monty Hall problemexperimental economicsefficient marketssurvival of the fittestmarket selection hypothesisBayesian errors

Mathematics Subject Classification ID

Decision theory (91B06) Experimental studies (91A90)

Uses Software

• ORSEE

Cites Work

• Market selection
• Consumption dynamics in general equilibrium: a characterisation when markets are incomplete
• Evolution and market behavior
• Do asset market prices reflect traders' judgment biases?
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• Do Markets Favor Agents able to Make Accurate Predictions?
• Survival versus Profit Maximization in a Dynamic Stochastic Experiment
• Competition in Lending: Theory and Experiments*

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