Animations for Gasteiger (2014, JMCB).

Expectations-based reaction function

EBRF1_true

conventional objective, true model, α ∈ [0,1]

EBRF1_miss

conventional objective, misspecified model, α ∈ [0,1]

Implicit instrument rule

oir_alphatheta09

alternative objective, α ∈ [0,1] and θ = 0.9

oir_alphatheta0110

alternative objective, α ∈ [0,1] and θ = 1.1

Expectations-based reaction function

ebrf2_true_alphatheta09

alternative objective, α ∈ [0,1] and θ = 0.9

ebrf2_true_alphatheta0110

alternative objective, α ∈ [0,1] and θ = 1.1