TY  - CHAP
AB  - Abstract Expectations play a crucial role in finance, macroeconomics, monetary economics, and fiscal policy. In the last decade a rapidly increasing number of laboratory experiments have been performed to study individual expectation formation, the interactions of individual forecasting rules, and the aggregate macro behavior they co-create. The aim of this article is to provide a comprehensive literature survey on laboratory experiments on expectations in macroeconomics and finance. In particular, we discuss the extent to which expectations are rational or may be described by simple forecasting heuristics, at the individual as well as the aggregate level.
VL  - 17
SN  - 978-1-78441-195-4, 978-1-78441-194-7/0193-2306
DO  - 10.1108/S0193-230620140000017002
UR  - https://doi.org/10.1108/S0193-230620140000017002
AU  - Assenza Tiziana
AU  - Bao Te
AU  - Hommes Cars
AU  - Massaro Domenico
PY  - 2014
Y1  - 2014/01/01
TI  - Experiments on Expectations in Macroeconomics and Finance
T2  - Experiments in Macroeconomics
T3  - Research in Experimental Economics
PB  - Emerald Group Publishing Limited
SP  - 11
EP  - 70
Y2  - 2024/09/20
ER  -