Investigating the behaviour of actors in relation to interim savings

In the experiment, the operators were presented with two forecasts in each case: the forecast of optimal savings in the current period and the forecast of inflation in the following period. Market transactions between participants were administered by a computer programme. The aim of the analysis was to test hypotheses: whether adaptive behaviour could be observed among the participants in the experiment, whether a herd effect occurred, whether decisions were characterised by over- or underestimation of the price level, whether hyperinflation was observed after the introduction of a regime of constant money supply growth into the game.