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Predictive Behavior: An Experimental Study (Lecture Notes in Economics and Mathematical Systems, 403, Band 403) - Brennscheidt, Gunnar
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Brennscheidt, Gunnar:

Predictive Behavior: An Experimental Study (Lecture Notes in Economics and Mathematical Systems, 403, Band 403) - edizione con copertina flessibile

1993, ISBN: 9783540573111

Springer - Verlag, Taschenbuch, Auflage: Softcover reprint of the original 1st ed. 1993, 244 Seiten, Publiziert: 1993-01-01T00:00:01Z, Produktgruppe: Buch, Hersteller-Nr.: biography, 0.83… Altro …

Gut Costi di spedizione:Auf Lager. De verzendkosten kunnen afwijken van de werkelijke kosten. (EUR 3.00) Antiquariat Bookfarm (Inh. Sebastian Seckfort)
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Predictive Behavior: An Experimental Study (Lecture Notes in Economics and Mathematical Systems, 403, Band 403) - Brennscheidt, Gunnar
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Brennscheidt, Gunnar:

Predictive Behavior: An Experimental Study (Lecture Notes in Economics and Mathematical Systems, 403, Band 403) - edizione con copertina flessibile

1993, ISBN: 9783540573111

Springer - Verlag, Taschenbuch, Auflage: Softcover reprint of the original 1st ed. 1993, 244 Seiten, Publiziert: 1993-01-01T00:00:01Z, Produktgruppe: Buch, Hersteller-Nr.: biography, 0.83… Altro …

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Predictive behavior Lecture notes in economics and mathematical systems ; Vol. 403 - Brennscheidt, Gunnar,
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Predictive behavior Lecture notes in economics and mathematical systems ; Vol. 403 - libri usati

1993

ISBN: 3540573119

(Berlin VI, 227 S. : graph. Darst. ; 24 cm Unbekannter Einband Ehem. Bibliotheksexemplar in GUTEM Zustand, wenige Gebrauchsspuren. Ex-library in GOOD condition, few traces of use. Sb 194… Altro …

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Brennscheidt, Gunnar:
Predictive Behavior. An Experimental Study. (=Lecture Notes in Economics and Mathematical Systems 403). - edizione con copertina flessibile

1993, ISBN: 9783540573111

[PU: Berlin, Springer Vlg.], VI, 227 pp. Large 8vo. Softcover, no dust jacket, copy out of an official library with library signs and stamps / signatures, binding and cutting partially a … Altro …

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Brennscheidt, Gunnar:
Predictive Behavior. An Experimental Study. (=Lecture Notes in Economics and Mathematical Systems 403). - edizione con copertina flessibile

1993, ISBN: 3540573119

Large 8vo. Softcover, no dust jacket, copy out of an official library with library signs and stamps / signatures, binding and cutting partially a bit stained, otherwise fine copy. VI, 22… Altro …

Costi di spedizione:Geen versendingskosten in Duitsland. (EUR 0.00) Antiquariat Hagena & Schulte GbR Michael Hagena und Andree Schulte, 53501 Grafschaft-Ringen
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Predictive Behavior: An Experimental Study (Lecture Notes in Economics and Mathematical Systems, 403, Band 403)
Autore:
Titolo:
ISBN:

9783540573111


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 design provides 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.

Informazioni dettagliate del libro - Predictive Behavior: An Experimental Study (Lecture Notes in Economics and Mathematical Systems, 403, Band 403)


EAN (ISBN-13): 9783540573111
ISBN (ISBN-10): 3540573119
Copertina rigida
Copertina flessibile
Anno di pubblicazione: 1993
Editore: Springer - Verlag
Peso: 0,316 kg
Lingua: Englisch

Libro nella banca dati dal 2007-03-05T06:51:45+01:00 (Zurich)
Pagina di dettaglio ultima modifica in 2023-01-11T11:20:54+01:00 (Zurich)
ISBN/EAN: 9783540573111

ISBN - Stili di scrittura alternativi:
3-540-57311-9, 978-3-540-57311-1
Stili di scrittura alternativi e concetti di ricerca simili:
Autore del libro : gunnar
Titolo del libro: experiment economics, experimental economics, lecture notes economics, systems, 403

Dati dell'editore

Autore: Gunnar Brennscheidt
Titolo: Lecture Notes in Economics and Mathematical Systems; Predictive Behavior - An Experimental Study
Editore: Springer; Springer Berlin
227 Pagine
Anno di pubblicazione: 1993-11-29
Berlin; Heidelberg; DE
Lingua: Inglese
53,49 € (DE)
54,99 € (AT)
59,00 CHF (CH)
Available
VI, 227 p.

BC; Hardcover, Softcover / Wirtschaft/Volkswirtschaft; Wirtschaftstheorie und -philosophie; Verstehen; Erwartungsbildung; Expectation Formation; Experimentelle Wirtschaftsforschung; Rationality of Expectations; Rationalität der Erwartungen; economics; experimental economics; forecasting; regression; time series; Quantitative Economics; EA

0. Literature Review.- 0.1 Empirical Studies and Experimental Studies.- 0.2 Hypotheses to Be Tested.- 0.3 Description of Selected Empirical Studies.- 0.4 Description of Selected Experimental Studies.- 0. 5 Concluding Comments on the Literature.- 1. Rationality in Presence of Exogenous Variables.- 1.1 Fully Rational and Least-Squares-Learning Predictions.- 1.2 Predictions Based on Misspecified Models.- 2. Experimental Design and Notation.- 2.1 Experimental Design.- 2.2 Notation.- 3. Aggregate Forecasts.- 3.1 Forecast Error and Deviations from Rational Predictions.- 3.2 Least-Squares Learning.- 3.3 Some Non-Rational Features of Forecasts.- 3.4 “Trend-Underestimating Predictions”.- 3.5 Learning Behavior?.- 3.6 The Influence of Single Variables.- 3.7 Psychological Factors.- 3.8 Concluding Remarks on Average Forecasts.- 4. Sum Results on Individual Forecasts.- 4.1 Comparison to Various Prediction Concepts.- 4.2 Non-Rational Features of Forecasts.- 4.3 Learning Behavior.- 4.4 Regression on Single Exogenous Variables.- 4.5 Psychological Factors.- 5. Features of Individual Forecasts.- 5.1 The Questionnaires.- 5.2 Categories of Individual Forecasts.- 5.3 Preference for “Round” Numbers.- 5.4 The Time Spent for Forecasting.- 5.5 The Dispersion of Forecasts.- 6. Conclusion.- 7. Appendix.- 7.1 Mean Absolute Deviations from Various Prediction Concepts.- 7.2 Regression on Single Exogenous Variables.- 8. References.
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