The good news is that fixing #250 now gives us more interested results with respect to consumer behavior. When we start agents with a lot of wealth, they don't just save all their earnings and returnings into buying stock!
This is going to improve our results a great deal!
On the other hand, I'm totally confused about what's going on in this run:
Which is for 8 quarters. What I'm seeing is that the agents want to consume in quarters 1,2,3, 6, and 8, even if this means drawing down assets. But it's not strictly tied to the level of wealth. It's as if there's an aggregate variable affecting all the agents quarterly -- something like PermShkAgg, but this is not doing anything with these settings.
This is with USUAL expectations, so expectations never change.
sbenthall
commented
1 year ago
The good news is that fixing #250 now gives us more interested results with respect to consumer behavior. When we start agents with a lot of wealth, they don't just save all their earnings and returnings into buying stock!
This is going to improve our results a great deal!
On the other hand, I'm totally confused about what's going on in this run:
python run_any_simulation.py --quarters 8 --pop_aNrmInitMean 4 --dphm 100 ../output/20230720Which is for 8 quarters. What I'm seeing is that the agents want to consume in quarters 1,2,3, 6, and 8, even if this means drawing down assets. But it's not strictly tied to the level of wealth. It's as if there's an aggregate variable affecting all the agents quarterly -- something like
PermShkAgg, but this is not doing anything with these settings.This is with USUAL expectations, so expectations never change.
What's going on here?