A robust rational route to randomness in a simple asset pricing model

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Asset Price and Wealth Dynamics in a Financial Market with Heterogeneous Agents (2006, background): “…interaction of heterogeneous agents have been proposed (Day and Huang (1990), Kirman (1991), Brock and LeBaron (1996), Brock and Hommes (1998), Lux (1998), Gaunersdorfer (2000), Chiarella and He (2001a, 2003), Farmer and Joshi (2002), Chen and Yeh (2002), Hommes et al. (2005), to quote only a few).”
Heterogeneous Agent Models in Economics and Finance, In: Handbook of Computational Economics II: Agent-Based Computational Economics, edited by Leigh Tesfatsion and Ken Judd, Elsevier, Amsterdam 2006, pp.1109-1186 (2005, methodology): “Hommes et al. (2005) conduct laboratory experiments, where individuals are asked to forecast an asset price for 50 periods, with realized prices determined endogenously in the laboratory by the BrockHommes (1998) asset pricing model with feedback from individual forecasts.”
Complex Evolutionary Systems in Behavioral Finance (2008, background): “In the remaining part of this section we mainly focus on the learning to forecast experiments in Hommes et al. (2005).”
Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments (2012, unknown): “In recent “learning to forecast” experiments (Hommes et al. 2005), three different patterns in aggregate price behavior have been observed: slow monotonic convergence, permanent oscillations, and dampened fluctuations.”