Vincenzo Valori Department of Economics and Management School of Economics University of Florence

How to contact me Address: Department of Economics and Management Via delle Pandette, 9 50127 Firenze - ITALIA Phone: +39 055 4374 658 Fax: +39 055 4374 910 E-mail: vincenzo.valori@unifi.it   Research interests Bounded rationality and learning: Bounded rationality in economic models Properties of adaptive learning heuristics Learning with Heterogeneous agents Experimental validation of alternative assumptions about real agents' behaviour Work in progress: - Experimental data on forecasts in positive and negative feedback models explained with simple heuristics. With Domenico Colucci (Università degli Studi di Firenze) - A Zero/One theorem on dynamic economic models with heterogeneous agents. With Domenico Colucci (Università degli Studi di Firenze) and Matteo del Vigna (Università degli Studi di Firenze) - The local stability properties of ARED dynamics. With Domenico Colucci (Università degli Studi di Firenze) and Matteo del Vigna (Università degli Studi di Firenze) Auctions: Public procurement auctions Internet auctions Work in progress: - Asymmetric information revelation in multidimensional procurement auctions. With Domenico Colucci (Università degli Studi di Firenze) and Nicola Doni (Università degli Studi di Firenze) - Sub-optimal feedback behaviour in a simulated market experiment. With Domenico Colucci (Università degli Studi di Firenze) and Simone Salotti (Oxford Brookes University) Voting: Voters' turnout Work in progress: - Voters' turnout under referenda: an experiment. With Domenico Colucci (Università degli Studi di Firenze) and Massimiliano Landi (Singapore Management University) Publications and other writings D. Colucci, N.Doni and V. Valori - Preferential treatment in procurement auctions through information revelation. Economics Letters, vol.117/3, 883-886, 2012. (working paper version available throug IDEAS) D. Colucci, N.Doni and V. Valori - Information revelation in procurement auctions: an equivalence result. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2012-07, 2012. D. Colucci, S. Salotti and V. Valori - Some clues to the determinants of feedback behaviour. In: Enrico Gerding, Peter McBurney, Frank McGroarty. Proceedings of the 13th International Conference on Electronic Commerce Proceedings, pp. 1-4, New York: ACM / Association for Computing Machinery. 2012. D. Colucci and V. Valori - Bounded rationality and parameters’ uncertainty in a simple monetary policy model. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2012-03, 2012. D. Colucci and V. Valori - Adaptive expectations and Cobweb phenomena: does heterogeneity matters? Journal of Economic Dynamics and Control, vol.35, 1307-1321, 2011. D. Colucci and V. Valori - Can Endogenous Participation Explain Price Volatility? Evidence from an Agent-Based Cobweb Model. Computational Economics, vol.38/3, 425-437, 2011. (working paper version available throug IDEAS) D. Colucci, S. Salotti and V. Valori - Good bargains and reputable sellers - An experimental investigation of electronic feedback systems. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2011-04, 2011 D. Colucci, N. Doni and V. Valori - Information Disclosure in Procurement Auctions with Horizontally Di¤erentiated Suppliers. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2011-02, 2011 D. Colucci and V. Valori - Heterogeneous adaptive expectations and Cobweb phenomena. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2009-01, 2009. D. Colucci, N. Doni and V. Valori - Dynamics in non-binding procurement auctions with boundedly rational bidders. Nonlinear Dynamics in Economics, Finance and the Social Sciences - Essays in Honour of John Barkley Rosser Jr.; Gian-Italo Bischi, Carl Chiarella, Laura Gardini, (Eds.), 2009. (working paper version available throug IDEAS) D. Colucci and V. Valori - Asset price dynamics when behavioural heterogeneity varies. Computational Economics, vol. 32: pp. 3-20 (2008). (extended working paper version with longer appendix available throug IDEAS) M. Longo and V. Valori: The comparison test - Not just for nonnegative series. Mathematics Magazine, 79/3, 201-206, 2006. (extended working paper version available throug IDEAS) D. Colucci and V. Valori: Ways of learning in a simple economic setting: a comparison. Chaos, Solitons & Fractals, Vol. 29, Issue 3, 653-670, August 2006. (working paper version available throug IDEAS) D. Colucci and V. Valori: Error learning behaviour and stability revisited. Journal of Economic Dynamics and Control . Vol. 29/03, 371-388, 2005. (extended and differently titled working paper version) D. Colucci and V. Valori: Adaptive learning in the Cobweb with an endogenous gain sequence. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 04/13, December 2004. D. Colucci and V. Valori: EDA learning in a cobweb model. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 03/10, December 2003. E. Barucci and V. Valori: Forecast interactions in an inflation targeting monetary policy. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 03/09, December 2003. M. Longo and V. Valori: Existence and stability of equilibria in OLG models under adaptive expectations. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, n.01/06, May 2001. G.I. Bischi and V. Valori: Nonlinear effects in a discrete-time dynamic model of a stock market. Chaos, Solitons & Fractals, Vol. 11, Issue 13, 2103-2121, October 2000. (working paper version available throug IDEAS) V. Valori: Aspettative ed apprendimento in macroeconomia. Ph.D. final dissertation, March 2000. D. Colucci and V. Valori: Expectations of learning agents and stability of perfect foresight equilibria in discrete time dynamic economic models. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, n.99/09, October 1999. D. Colucci and V. Valori: Adaptive expectations with an endogenous learning step: some preliminary results. Proceedings of the XXIII A.M.A.S.E.S. Conference, Rende (CS), 1999. V. Valori: Iterazione di mappe come sistemi dinamici discreti. Una applicazione allo studio delle interazioni fra raccolta netta dei fondi e livello dei prezzi in un mercato azionario. Tesi di Laurea. June 1996.   Experimental Economics BEELab - Behavioural and Experimental Economics Lab   My Official Web Page My web page on IDEAS/RePEc Go to the Department of Economics and Management home page Last update: March 7th, 2013