Sunspots in the laboratory

American Economic Review

Volumn 95, Issue 3, 2005, Pages 510-529

  Duffy, John ^a   Fisher, Eric O'N ^b,c  

^a UNIVERSITY OF PITTSBURGH   (United States)

^b OHIO STATE UNIVERSITY   (United States)

^c FEDERAL RESERVE BANK OF CLEVELAND   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 30844464827     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/0002828054201350     Document Type: Review

References (26)

1. Aumann, Robert J. "Subjectivity and Correlation in Randomized Strategies." Journal of Mathematical Economics, 1974, 1(1), pp. 67-96.
2. Azariadis, Costas. "Self-Fulfilling Prophecies." Journal of Economic Theory, 1981, 25(3), pp. 380-96.
3. Azariadis, Costas and Guesnerie, Roger. "Sunspots and Cycles." Review of Economic Studies, 1986, 53(5), pp. 725-37.
4. Benhabib, Jess and Farmer, Roger E. A. "Indeterminacy and Sunspots in Macroeconomics," in John B. Taylor and Michael Woodford, eds., Handbook of macroeconomics. Vol. 1A. Amsterdam: Elsevier Science, North-Holland, 1999, pp. 387-448.
5. Brandts, Jordi and Holt, Charles A. "An Experimental Test of Equilibrium Dominance in Signaling Games." American Economic Review, 1992, 82(5), pp. 1350-65.
6. Brandts, Jordi and MacLeod, W. Bentley. "Equilibrium Selection in Experimental Games with Recommended Play." Games and Economic Behavior, 1995, 11(1), pp. 36-63.
7. Camerer, Colin F. "Can Asset Markets Be Manipulated? A Field Experiment with Racetrack Betting." Journal of Political Economy, 1998, 106(3), pp. 475-82.
8. Camerer, Colin F. and Knez, Marc. "Coordination in Organizations: A Game-Theoretic Perspective," in Zur B. Shapira, ed., Organizational decision making. Cambridge: Cambridge University Press, 1997, pp. 158-88.
9. Cass, David and Shell, Karl. "Do Sunspots Matter?" Journal of Political Economy, 1983, 91(2), pp. 193-227.
10. Duffy, John and Fisher, Eric O'N. "Sunspots in the Laboratory. " University of Pittsburgh, 2003.
11. Farmer, Roger E. A. The macroeconomics of self-fulfilling prophecies, 2nd Ed. Cambridge, MA: MIT Press, 1999.
12. Flood, Robert P. and Garber, Peter M. "Market Fundamentals versus Price-Level Bubbles: The First Tests." Journal of Political Economy, 1980, 88(4), pp. 745-70.
13. Holm, Hakan J. "Gender-Based Focal Points." Games and Economic Behavior, 2000, 32(2), pp. 292-314.
14. Jevons, William S. Investigations in currency and finance. London: Macmillan, 1884.
15. Lei, Vivian; Noussair, Charles N. and Plott, Charles R. "Nonspeculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality vs. Actual Irrationality." Econometrica, 2001, 69(4), pp. 831-59.
16. Lewis, David K. Convention. Cambridge, MA: Harvard University Press, 1969.
17. Mackay, Charles. Extraordinary popular delusions and the madness of crowds. London: Richard Bentley, 1841.
18. Marimon, Ramon; Spear, Stephen E. and Sunder, Shyam. "Expectationally Driven Market Volatility: An Experimental Study." Journal of Economic Theory, 1993, 61(1), pp. 74-103.
19. Peck, James and Shell, Karl. "Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies." Review of Economic Studies, 1991, 58(5), pp. 1011-29.
20. Plott, Charles R. and Gray, Peter. "The Multiple Unit Double Auction." Journal of Economic Behavior and Organization, 1990, 13(2), pp. 245-58.
21. Rosenthal, Robert and Jacobson, Lenore. Pygmalion in the classroom: Teacher expectation and pupils' intellectual development. New York: Holt, Rinehart and Winston, Inc., 1968.
22. Schotter, Andrew. "Decision Making with Naive Advice." American Economic Review, 2003 (Papers and Proceedings), 93(2), pp. 196-201.
23. Siegel, Sidney and Castellan, N. John, Jr. Nonparametric statistics for the behavioral sciences, 2nd Ed. New York: McGraw Hill, 1988.
24. Smith, Vernon L.; Suchanek, Gerry L. and Williams, Arlington W. "Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets." Econometrica, 1988, 56(5), pp. 1119-51.
25. Van Huyck, John B.; Gillette, Ann B. and Battalio, Raymond C. "Credible Assignments in Coordination Games." Games and Economic Behavior, 1992, 4(4), pp. 606-26.
26. Wittgenstein, Ludwig. Philosophical investigations. Translated by G. E. M. Anscombe. Oxford: Basil Blackwell, 1953.