作者：Cason, Timothy N.; Friedman, Daniel; Hopkins, E. D.
作者单位：Purdue University System; Purdue University; University of California System; University of California Santa Cruz; University of Edinburgh
摘要：We report laboratory experiments that use new, visually oriented software to explore the dynamics of 3x3 games with intransitive best responses. Each moment, each player is matched against the entire population, here 8 human subjects. A heat map offers instantaneous feedback on current profit opportunities. In the continuous slow adjustment treatment, we see distinct cycles in the population mix. The cycle amplitude, frequency and direction are consistent with the standard learning models. Cyc...
作者：Paciello, Luigi; Wiederholt, Mirko
作者单位：Goethe University Frankfurt
摘要：This article studies optimal monetary policy when decision-makers in firms choose how much attention they devote to aggregate conditions. When the amount of attention that decision-makers in firms devote to aggregate conditions is exogenous, complete price stabilization is optimal only in response to shocks that cause efficient fluctuations under perfect information. When decision-makers in firms choose how much attention they devote to aggregate conditions, complete price stabilization is opt...
