Coordination in market and bank run experiments
The thesis was published by
de Jong, J.,
in January 2023,
University of Amsterdam.
Abstract:
Expectations and beliefs play a crucial role in many economic models. The common approach, in which it is assumed that people are on average correct about the future and about the actions of others, is not always sufficient to properly predict empirically observed phenomena. This thesis explores examples in both stylized market and stylized banking environments in which it is useful to deviate from rational expectations and make other or additional assumptions.
