By Shinichi Hirota, Juergen Huber, Thomas Stöck, and Shyam Sunder.
Normally I would not post about financial markets experiments, but this one uses a design with overlapping generations. There is a substantial body of macroeconomic theory that is based on overlapping generations in the models. So just from a design standpoint this is interesting.
BTW the MIT economist Paul Samuelson pioneered the overlapping generations idea, and he was a teacher of ... Ronald Jones. Academic macroeconomics is a small world.
http://cowles.econ.yale.edu/P/cd/d20a/d2001.pdf
Normally I would not post about financial markets experiments, but this one uses a design with overlapping generations. There is a substantial body of macroeconomic theory that is based on overlapping generations in the models. So just from a design standpoint this is interesting.
BTW the MIT economist Paul Samuelson pioneered the overlapping generations idea, and he was a teacher of ... Ronald Jones. Academic macroeconomics is a small world.
http://cowles.econ.yale.edu/P/cd/d20a/d2001.pdf