12-016/1 - Individual Expectations, Limited Rationality and Aggregate Outcomes

• Authors
  Te Bao, University of Amsterdam; Cars Hommes, University of Amsterdam; Joep Sonnemans, University of Amsterdam; Jan Tuinstra, University of Amsterdam
• Publication date
  February 17, 2012

• Keywords
  Expectation feedback, under- and overreaction, strategic substitutes and strategic complements, heuristic switching model, experimental economics
• JEL
  C92, G14, D84, D83, E37