Expectations formation - rational or adaptive or…

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Expectations formation - rational or adaptive or…. / HEY, J D .

In: JOURNAL OF ECONOMIC BEHAVIOR, Vol. 25, No. 3, 12.1994, p. 329-349.

Research output: Contribution to journalArticlepeer-review

Harvard

HEY, JD 1994, 'Expectations formation - rational or adaptive or…', JOURNAL OF ECONOMIC BEHAVIOR, vol. 25, no. 3, pp. 329-349.

APA

HEY, J. D. (1994). Expectations formation - rational or adaptive or…. JOURNAL OF ECONOMIC BEHAVIOR, 25(3), 329-349.

Vancouver

HEY JD. Expectations formation - rational or adaptive or…. JOURNAL OF ECONOMIC BEHAVIOR. 1994 Dec;25(3):329-349.

Author

HEY, J D . / Expectations formation - rational or adaptive or…. In: JOURNAL OF ECONOMIC BEHAVIOR. 1994 ; Vol. 25, No. 3. pp. 329-349.

Bibtex - Download

@article{327ef9b47bb641d7994be0d38bd868c6,
title = "Expectations formation - rational or adaptive or…",
abstract = "This paper reports on an experimental investigation in which subjects are appropriately motivated to reveal their expectations of two times series. Two hypotheses are investigated: that expectations are formed rationally; that they are formed adaptively. The paper concludes that the 'truth' is somewhat in between: subjects are trying to behave rationally, but frequently in a way that appears adaptively. A more general hypothesis is tentatively proposed.",
keywords = "PRICE FORECASTS, MARKETS",
author = "HEY, {J D}",
year = "1994",
month = dec,
language = "English",
volume = "25",
pages = "329--349",
journal = "JOURNAL OF ECONOMIC BEHAVIOR",
issn = "0167-2681",
publisher = "Elsevier",
number = "3",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Expectations formation - rational or adaptive or…

AU - HEY, J D

PY - 1994/12

Y1 - 1994/12

N2 - This paper reports on an experimental investigation in which subjects are appropriately motivated to reveal their expectations of two times series. Two hypotheses are investigated: that expectations are formed rationally; that they are formed adaptively. The paper concludes that the 'truth' is somewhat in between: subjects are trying to behave rationally, but frequently in a way that appears adaptively. A more general hypothesis is tentatively proposed.

AB - This paper reports on an experimental investigation in which subjects are appropriately motivated to reveal their expectations of two times series. Two hypotheses are investigated: that expectations are formed rationally; that they are formed adaptively. The paper concludes that the 'truth' is somewhat in between: subjects are trying to behave rationally, but frequently in a way that appears adaptively. A more general hypothesis is tentatively proposed.

KW - PRICE FORECASTS

KW - MARKETS

M3 - Article

VL - 25

SP - 329

EP - 349

JO - JOURNAL OF ECONOMIC BEHAVIOR

JF - JOURNAL OF ECONOMIC BEHAVIOR

SN - 0167-2681

IS - 3

ER -