Misperceptions of Feedback in a Dynamic Decision Making Experiment

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Summary

An experiment on the generation of macrodynamics from microstructure in a common managerial context and subjects are shown to be insensitive to the feedbacks from their decisions to the environment, implications for behavioral theories of aggregate social and economic dynamics are explored.

Type
article
Published
1989-03-01
Cited by
2,712
References
51
Access
Open access

Keywords

Generality, Aggregate (composite), Aggregate behavior, Rationality, Bounded rationality

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