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Author:Noussair, C.
Matheny, K.
Title:An experimental study of decisions in dynamic optimization problems
Journal:Economic Theory
2000 : VOL. 15:2, p. 389-420
Index terms:OPTIMIZATION
CONSUMPTION
INVESTMENT
Language:eng
Abstract:The authors study decisions of subjects who are given an incentive to solve dynamic optimization problems with the structure of a single-agent, one-sector, closed economy macroeconomic model. The decision task involves a sequence of choices of consumption and investment levels. Treatment variables consist of the initial endowment of capital stock the production technology available to the economy, and the method of creating the structure of an infinite-horizon model.
SCIMA record nr: 211437
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