In general, significant autocorrelations are rare, and in our cobweb experiments realized market prices exhibit (almost) no linear predictable structure.
Simulations using different cobweb and genetic algorithm parameter values converged for both cobweb-stable-and-unstable cases.
Which expectations hypothesis is a good description of aggregate realized market price fluctuations in a cobweb economy?
The concept is illustrated for the multivariate linear model as well as for models of the cobweb type, confirming results known from the literature.
The harps and their music seem almost invisible and suspended in time, like a cobweb.
The parameter affects the stability of the cobweb model.
A key feature of the cobweb expectations feedback structure is that it is self-reversing in the following sense.
In our cobweb experiments, subjects have to predict the next period's price of a certain unspecified good.
