Outputs (4)

Entry and exit decisions under public and private information: an experiment (2022)
Journal Article
Chernulich, A., Horowitz, J., Rabanal, J. P., Rud, O., & Sharifova, M. (2023). Entry and exit decisions under public and private information: an experiment. Experimental Economics, 26(2), 339-356. https://doi.org/10.1007/s10683-022-09764-9

We design an experiment to study how reversible entry decisions are affected by public and private payoff disclosure policies. In our environment, subjects choose between a risky payoff, which evolves according to an autoregressive process, and a con... Read More about Entry and exit decisions under public and private information: an experiment.

Asset price volatility and investment horizons: An experimental investigation (2021)
Journal Article
Anufriev, M., Chernulich, A., & Tuinstra, J. (2022). Asset price volatility and investment horizons: An experimental investigation. Journal of Economic Behavior and Organization, 193, 19-48. https://doi.org/10.1016/j.jebo.2021.11.019

We study the effects of the investment horizon on asset price volatility using a Learning to Forecast laboratory experiment. We find that, for short investment horizons, participants coordinate on self-fulfilling trend-extrapolating predictions. Pric... Read More about Asset price volatility and investment horizons: An experimental investigation.

Modelling reference dependence for repeated choices: A horse race between models of normalisation (2021)
Journal Article
Chernulich, A. (2021). Modelling reference dependence for repeated choices: A horse race between models of normalisation. Journal of Economic Psychology, 87, Article 102429. https://doi.org/10.1016/j.joep.2021.102429

In the logit model, a choice between options is driven by payoff differences. Existing evidence on repeated choices suggests that the way payoff differences are evaluated depends on historically observed differences. We capture such reference depende... Read More about Modelling reference dependence for repeated choices: A horse race between models of normalisation.

A laboratory experiment on the heuristic switching model (2018)
Journal Article
Anufriev, M., Chernulich, A., & Tuinstra, J. (2018). A laboratory experiment on the heuristic switching model. Journal of Economic Dynamics and Control, 91, 21-42. https://doi.org/10.1016/j.jedc.2018.04.004

We present results from the first laboratory experiment on the seminal heuristic switching model introduced by Brock and Hommes (1997, 1998). Subjects choose between two alternatives, a sophisticated and stabilizing, but costly, heuristic, and a dest... Read More about A laboratory experiment on the heuristic switching model.