Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations

DOI10.1515/SNDE-2017-0082OpenAlexW2937630883MaRDI QIDQ2697057

Qingling Shi, Chong Liu, Feng Guo

Publication date: 17 April 2023

Published in: Studies in Nonlinear Dynamics and Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1515/snde-2017-0082

zbMATH Keywords

heterogeneous expectationsendogenous fluctuationscobweb modelperiodical expectations

Mathematics Subject Classification ID

Statistics (62-XX) Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Uses Software

• DMC
• Unnamed Item

Cites Work

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• Heterogeneous beliefs and trading inefficiencies
• The heterogeneous expectations hypothesis: Some evidence from the lab
• Money illusion and coordination failure
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Formation of rationally heterogeneous expectations
• E\&F Chaos: A user friendly software package for nonlinear economic dynamics
• Elements of applied bifurcation theory.
• Two destabilizing strategies may be jointly stabilizing
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Heterogeneous expectations, boom-bust housing cycles, and supply conditions: a nonlinear economic dynamics approach
• Heterogeneous beliefs and the non-linear cobweb model
• STABILITY AND CYCLES IN A COBWEB MODEL WITH HETEROGENEOUS EXPECTATIONS
• A Rational Route to Randomness

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