Adaptive expectations and cobweb phenomena: Does heterogeneity matter?

A Rational Route to Randomness

William A. Brock, Cars Hommes · Econometrica · 1997 · 1.8K citations

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Macroeconomic Expectations of Households and Professional Forecasters

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Adaptive Expectations and Cobweb Phenomena

Marc Nerlove · The Quarterly Journal of Economics · 1958 · 653 citations

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NBER Macroeconomics Annual 2002

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The Theory of Rationally Heterogeneous Expectations: Evidence from Survey Data on Inflation Expectations

William A. Branch · The Economic Journal · 2004 · 457 citations · Full text

Social Sciences, Economics, Behavioral Economics +16