Details about Cars Hommes

Homepage:	https://www.uva.nl/en/profile/h/o/c.h.hommes/c.h.hommes.html
Postal address:	Department of Quantitative Economics CeNDEF University of Amsterdam Roetersstraat 11 NL-1018 WB Amsterdam The Netherlands
Workplace:	Tinbergen Instituut (Tinbergen Institute), (more information at EDIRC) Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Faculteit Economie en Bedrijfskunde (Faculty of Economics and Business), Universiteit van Amsterdam (University of Amsterdam), (more information at EDIRC) Bank of Canada, (more information at EDIRC)

Access statistics for papers by Cars Hommes.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: pho21

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Working Papers

2024

1. Learning in a Complex World Insights from an OLG Lab Experiment
   ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany
   Also in Staff Working Papers, Bank of Canada (2023)
   See also Journal Article Learning in a complex world: Insights from an OLG lab experiment, Journal of Economic Behavior & Organization, Elsevier (2024) (2024)
2. What people believe about monetary finance and what we can(‘t) do about it: Evidence from a large-scale, multi-country survey experiment
   Working Papers, International Network for Economic Research - INFER
   Also in CESifo Working Paper Series, CESifo (2023) View citations (2)
   Staff Working Papers, Bank of Canada (2023) View citations (2)

2023

3. Analyzing and forecasting economic crises with an agent-based model of the euro area
   Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)

2022

4. Behavioral Learning Equilibria in New Keynesian Models
   Staff Working Papers, Bank of Canada View citations (1)
   See also Journal Article Behavioral learning equilibria in New Keynesian models, Quantitative Economics, Econometric Society (2023) (2023)
5. CANVAS: A Canadian Behavioral Agent-Based Model
   Staff Working Papers, Bank of Canada View citations (3)

2021

6. Detecting exuberance in house prices across Canadian cities
   Staff Analytical Notes, Bank of Canada View citations (3)
7. Managing Self-organization of Expectations through Monetary Policy: a Macro Experiment
   Post-Print, HAL View citations (28)
   Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) View citations (26)
   TSE Working Papers, Toulouse School of Economics (TSE) (2018) View citations (4)
   See also Journal Article Managing self-organization of expectations through monetary policy: A macro experiment, Journal of Monetary Economics, Elsevier (2021) View citations (33) (2021)
8. Rational vs. Irrational Beliefs in a Complex World
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (1)
   Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2021) View citations (1)
9. The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey
   Staff Working Papers, Bank of Canada View citations (12)
   Also in Working Paper Series, European Central Bank (2021) View citations (12)
   See also Journal Article The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey, European Economic Review, Elsevier (2021) View citations (14) (2021)

2020

10. Ten isn’t large! Group size and coordination in a large-scale experiment
    Staff Working Papers, Bank of Canada View citations (1)
    See also Journal Article Ten Isn't Large! Group Size and Coordination in a Large-Scale Experiment, American Economic Journal: Microeconomics, American Economic Association (2023) View citations (1) (2023)

2019

11. Are Long-Horizon Expectations (De-)Stabilizing? Theory and Experiments
    Staff Working Papers, Bank of Canada View citations (11)
    See also Journal Article Are long-horizon expectations (de-)stabilizing? Theory and experiments, Journal of Monetary Economics, Elsevier (2022) View citations (1) (2022)
12. Inflation Targeting and Liquidity Traps Under Endogenous Credibility
    Staff Working Papers, Bank of Canada View citations (55)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2015) View citations (9)
    See also Journal Article Inflation targeting and liquidity traps under endogenous credibility, Journal of Monetary Economics, Elsevier (2019) View citations (63) (2019)
13. The Formation of a Core Periphery Structure in Heterogeneous Financial Networks
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (6)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) View citations (14)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2016) View citations (8)
    See also Journal Article The formation of a core-periphery structure in heterogeneous financial networks, Journal of Economic Dynamics and Control, Elsevier (2020) View citations (5) (2020)

2018

14. Behavioral & experimental macroeconomics and policy analysis: a complex systems approach
    Working Paper Series, European Central Bank View citations (8)
15. Learning, Heterogeneity, and Complexity in the New Keynesian Model
    Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol View citations (1)
    See also Journal Article Learning, heterogeneity, and complexity in the New Keynesian model, Journal of Economic Behavior & Organization, Elsevier (2019) View citations (4) (2019)

2017

16. Comparing behavioural heterogeneity across asset classes
    Working Paper, Norges Bank View citations (6)
    See also Journal Article Comparing behavioural heterogeneity across asset classes, Journal of Economic Behavior & Organization, Elsevier (2021) View citations (5) (2021)
17. Do investors trade too much? A laboratory experiment
    Post-Print, HAL View citations (10)
    Also in Papers, arXiv.org (2015)
    See also Journal Article Do investors trade too much? A laboratory experiment, Journal of Economic Behavior & Organization, Elsevier (2017) View citations (9) (2017)
18. Fiscal consolidations and heterogeneous expectations
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (7)
    See also Journal Article Fiscal consolidations and heterogeneous expectations, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (27) (2018)
19. From self-fulfilling mistakes to behavioral learning equilibria
    Tinbergen Institute Discussion Papers, Tinbergen Institute
    See also Chapter From Self-Fulfilling Mistakes to Behavioral Learning Equilibria, Studies in Economic Theory, Springer (2017) (2017)
20. Internal Rationality, Heterogeneity, and Complexity in the New Keynesian Model
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (2)
21. Internal rationalityuyuyuy, heterogeneity and complexity in the New Keynesian model
    Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol
22. Managing unanchored, heterogeneous expectations and liquidity traps
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (11)
    See also Journal Article Managing unanchored, heterogeneous expectations and liquidity traps, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (7) (2019)
23. Monetary Policy under Behavioral Expectations: Theory and Experiment
    Bank of Lithuania Working Paper Series, Bank of Lithuania View citations (19)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2015) View citations (8)
    See also Journal Article Monetary policy under behavioral expectations: Theory and experiment, European Economic Review, Elsevier (2019) View citations (60) (2019)

2016

24. Behavioral Learning Equilibria, Persistence Amplification & Monetary Policy
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
25. Evolutionary Competition between Adjustment Processes in Cournot Oligopoly: Instability and Complex Dynamics
    THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise View citations (3)
    See also Journal Article Evolutionary Competition Between Adjustment Processes in Cournot Oligopoly: Instability and Complex Dynamics, Dynamic Games and Applications, Springer (2018) View citations (15) (2018)
26. Learning to believe in Simple Equilibria in a Complex OLG Economy - evidence from the lab
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
    See also Journal Article Learning to believe in simple equilibria in a complex OLG economy - evidence from the lab, Journal of Economic Theory, Elsevier (2019) View citations (13) (2019)
27. Managing Heterogeneous and Unanchored Expectations: A Monetary Policy Analysis
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (13)

2015

28. Booms, Busts and Behavioural Heterogeneity in Stock Prices
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (3)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) View citations (2)
    See also Journal Article Booms, busts and behavioural heterogeneity in stock prices, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (37) (2017)
29. Bubble Formation and (In)Efficient Markets in Learning-to-Forecast and -optimise Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (10)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) View citations (10)
    See also Journal Article Bubble Formation and (In)Efficient Markets in Learning‐to‐forecast and optimise Experiments, Economic Journal, Royal Economic Society (2017) View citations (46) (2017)
30. Critical Slowing Down as Early Warning Signals for Financial Crises?
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (8)
    See also Journal Article Critical slowing down as an early warning signal for financial crises?, Empirical Economics, Springer (2019) View citations (8) (2019)
31. Genetic Algorithm Learning in a New Keynesian Macroeconomic Setup
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
    See also Journal Article Genetic algorithm learning in a New Keynesian macroeconomic setup, Journal of Evolutionary Economics, Springer (2017) View citations (6) (2017)
32. Monetary and Fiscal Policy Design at the Zero Lower Bound - Evidence from the Lab
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (8)
    See also Journal Article MONETARY AND FISCAL POLICY DESIGN AT THE ZERO LOWER BOUND: EVIDENCE FROM THE LAB, Economic Inquiry, Western Economic Association International (2019) View citations (25) (2019)
33. Path Dependent Coordination of Expectations in Asset Pricing Experiments: a Behavioral Explanation
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (10)
    See also Journal Article Path dependent coordination of expectations in asset pricing experiments: A behavioral explanation, Journal of Economic Behavior & Organization, Elsevier (2016) View citations (17) (2016)
34. Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments
    Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney View citations (12)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2015) View citations (6)
    See also Journal Article Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments, Journal of the European Economic Association, European Economic Association (2019) View citations (19) (2019)
35. When Speculators Meet Constructors: Positive and Negative Feedback in Experimental Housing Markets
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (6)

2014

36. Experiments on Expectations in Macroeconomics and Finance
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (77)
    See also Chapter Experiments on Expectations in Macroeconomics and Finance, Research in Experimental Economics, Emerald Group Publishing Limited (2014) View citations (68) (2014)
37. Identifying Booms and Busts in House Prices under Heterogeneous Expectations
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (31)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2014) View citations (30)
    See also Journal Article Identifying booms and busts in house prices under heterogeneous expectations, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (11) (2019)
38. Innovate or Imitate? Behavioural technological change
    Post-Print, HAL
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2013)
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2013)
    See also Journal Article Innovate or Imitate? Behavioural technological change, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (21) (2014)
39. PQ Strategies in Monopolistic Competition: Some Insights from the Lab
    DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) View citations (25)
    See also Journal Article PQ strategies in monopolistic competition: Some insights from the lab, Journal of Economic Dynamics and Control, Elsevier (2015) View citations (15) (2015)

2013

40. Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (47)
    Also in DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) (2013) View citations (47)
41. Behavioral Heterogeneity in U.S. Inflation Dynamics
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (3)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2012) View citations (48)
    See also Journal Article Behavioral Heterogeneity in U.S. Inflation Dynamics, Journal of Business & Economic Statistics, Taylor & Francis Journals (2019) View citations (30) (2019)
42. Behavioral Learning Equilibria
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (7)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2012) View citations (1)
    See also Journal Article Behavioral learning equilibria, Journal of Economic Theory, Elsevier (2014) View citations (59) (2014)
43. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2013)
    See also Journal Article Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria, Review of Behavioral Economics, now publishers (2014) View citations (10) (2014)
44. Individual Expectations and Aggregate Macro Behavior
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (74)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2011) View citations (81)
45. More memory under evolutionary learning may lead to chaos
    Post-Print, HAL
    See also Journal Article More memory under evolutionary learning may lead to chaos, Physica A: Statistical Mechanics and its Applications, Elsevier (2013) View citations (10) (2013)
46. Reflexivity, Expectations Feedback and Almost Self-fulfilling Equilibria: Economic Theory, Empirical Evidence and Laboratory Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (27)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2013) View citations (22)
    See also Journal Article Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments, Journal of Economic Methodology, Taylor & Francis Journals (2013) View citations (21) (2013)

2012

47. Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (3)
    See also Journal Article ANIMAL SPIRITS, HETEROGENEOUS EXPECTATIONS, AND THE AMPLIFICATION AND DURATION OF CRISES, Economic Inquiry, Western Economic Association International (2017) View citations (3) (2017)
48. Individual Expectations, Limited Rationality and Aggregate Outcomes
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (120)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2010) View citations (3)
    See also Journal Article Individual expectations, limited rationality and aggregate outcomes, Journal of Economic Dynamics and Control, Elsevier (2012) View citations (126) (2012)
49. Learning, Forecasting and Optimizing: An Experimental Study
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (10)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2011) View citations (8)
    See also Journal Article Learning, forecasting and optimizing: An experimental study, European Economic Review, Elsevier (2013) View citations (84) (2013)
50. Super-Exponential Bubbles in Lab Experiments: Evidence for Anchoring Over-Optimistic Expectations on Price
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    Also in Papers, arXiv.org (2012)
    See also Journal Article Super-exponential bubbles in lab experiments: Evidence for anchoring over-optimistic expectations on price, Journal of Economic Behavior & Organization, Elsevier (2013) View citations (31) (2013)

2011

51. Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
    See also Journal Article Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments, American Economic Journal: Microeconomics, American Economic Association (2012) View citations (198) (2012)
52. Learning under misspecification: a behavioral explanation of excess volatility in stock prices and persistence in inflation
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
53. On the stability of the Cournot equilibrium: An evolutionary approach
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (11)

2010

54. Evolutionary Selection of Expectations in Positive and Negative Feedback Markets
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (2)
    See also Journal Article Evolutionary selection of expectations in positive and negative feedback markets, Journal of Evolutionary Economics, Springer (2013) View citations (43) (2013)
55. Multiple Steady States, Limit Cycles and Chaotic Attractors in Evolutionary Games with Logit Dynamics
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
56. The Heterogeneous Expectations Hypothesis: Some Evidence from the Lab
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (9)
    See also Journal Article The heterogeneous expectations hypothesis: Some evidence from the lab, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (354) (2011)

2009

57. Does eductive stability imply evolutionary stability?
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2003) View citations (5)
    See also Journal Article Does eductive stability imply evolutionary stability?, Journal of Economic Behavior & Organization, Elsevier (2010) View citations (22) (2010)
58. Evolutionary Selection of Individual Expectations and Aggregate Outcomes
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (18)
59. Forward and Backward Dynamics in implicitly defined Overlapping Generations Models
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (14)
    Also in Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini (2008)
    See also Journal Article Forward and backward dynamics in implicitly defined overlapping generations models, Journal of Economic Behavior & Organization, Elsevier (2009) View citations (14) (2009)
60. Forward and Backward Dynamics in implicitly defined Overl apping Generations Models
    Post-Print, HAL View citations (2)
61. Individual Expectations and Aggregate Behavior in Learning to Forcast Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (6)
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2008) View citations (2)
    See also Journal Article INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS, Macroeconomic Dynamics, Cambridge University Press (2013) View citations (22) (2013)
62. Is more memory in evolutionary selection (de)stabilizing?
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (3)
    See also Journal Article IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?, Macroeconomic Dynamics, Cambridge University Press (2012) View citations (19) (2012)

2008

63. Complex Evolutionary Systems in Behavioral Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (8)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2008) View citations (26)
64. Interest Rate Rules with Heterogeneous Expectations
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (11)
65. More Hedging Instruments may destablize Markets
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2006) View citations (8)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2008) View citations (5)
    See also Journal Article More hedging instruments may destabilize markets, Journal of Economic Dynamics and Control, Elsevier (2009) View citations (98) (2009)

2007

66. Bounded Rationality and Learning in Complex Markets
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (4)
    See also Chapter Bounded Rationality and Learning in Complex Markets, Chapters, Edward Elgar Publishing (2009) View citations (7) (2009)
67. Complexity, Evolution and Learning: a simple story of heterogeneous expectations and some empirical and experimental validation
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
68. Evolution of Market Heuristics
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (13)

2006

69. E&F Chaos: a user friendly software package for nonlinear economic dynamics
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
    See also Journal Article E&F Chaos: A User Friendly Software Package for Nonlinear Economic Dynamics, Computational Economics, Springer (2008) View citations (25) (2008)
70. Interacting Agents in Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (2)
71. Interacting agents in finance, entry written for the New Palgrave Dictionary of Economics, Second Edition, edited by L. Blume and S. Durlauf, Palgrave Macmillan, forthcoming 2006
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
72. Price Stability and Volatility in Markets with Positive and Negative Expectations Feedback: An Experimental Investigation
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (8)
    See also Journal Article Price stability and volatility in markets with positive and negative expectations feedback: An experimental investigation, Journal of Economic Dynamics and Control, Elsevier (2009) View citations (242) (2009)
73. Testing for Nonlinear Structure and Chaos in Economic Time. A Comment
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (2)

2005

74. A Dynamic Analysis of Moving Average Rules
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (5)
    Also in Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney (2004) View citations (7)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2004)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004)
    See also Journal Article A dynamic analysis of moving average rules, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (110) (2006)
75. A nonlinear structural model for volatility clustering
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (15)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) View citations (47)
    See also Chapter A Nonlinear Structural Model for Volatility Clustering, Springer Books, Springer (2007) View citations (64) (2007)
76. Adaptive Rational Equilibrium with Forward Looking Agents, fortcoming in International Journal of Economic Theory (IJET) 2006, special issue in honor of Jean-Michel Grandmont
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
77. Behavioral Heterogeneity in Stock Prices
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (10)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2005) View citations (11)
    See also Journal Article Behavioral heterogeneity in stock prices, Journal of Economic Dynamics and Control, Elsevier (2007) View citations (331) (2007)
78. Heterogeneous Agent Models in Economics and Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (27)
    See also Chapter Heterogeneous Agent Models in Economics and Finance, Handbook of Computational Economics, Elsevier (2006) View citations (644) (2006)
79. 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
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (7)
80. Heterogeneous Agent Models: Two Simple Case Studies
    Tinbergen Institute Discussion Papers, Tinbergen Institute
81. Heterogeneous Agents Models: two simple examples, forthcoming In: Lines, M. (ed.) Nonlinear Dynamical Systems in Economics, CISM Courses and Lectures, Springer, 2005, pp.131-164
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (4)
82. Price expectations in the laboratory in positive and negative feedback systems
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (3)
83. Testing for Nonlinear Structure and Chaos in Economic Time Series: A Comment
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance

2004

84. Coordination of Expectations in Asset Pricing Experiments (Version March 2004)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (12)
85. Do hedging instruments stabilize markets?
    Computing in Economics and Finance 2004, Society for Computational Economics
86. Economic Dynamics, Contribution to the Encyclopedia of Nonlinear Science, Alwyn Scott (ed.), Routledge, 2004
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
87. Forming price expectations in positive and negative feedback systems
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (2)

2003

88. Bifurcation Routes to Volatility Clustering under Evolutionary Learning
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (23)
    See also Journal Article Bifurcation routes to volatility clustering under evolutionary learning, Journal of Economic Behavior & Organization, Elsevier (2008) View citations (78) (2008)
89. Coordination of Expectations in Asset Pricing Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute
    See also Journal Article Coordination of Expectations in Asset Pricing Experiments, The Review of Financial Studies, Society for Financial Studies (2005) View citations (297) (2005)
90. Learning in Cobweb Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2002) View citations (1)
    See also Journal Article LEARNING IN COBWEB EXPERIMENTS, Macroeconomic Dynamics, Cambridge University Press (2007) View citations (71) (2007)
91. Mean Reversion, Bubbles and Heterogeneous Beliefs in Stock Prices
    Computing in Economics and Finance 2003, Society for Computational Economics
92. Nonlocal onset of instability in an asset pricing model with heterogeneous agents
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)

2002

93. A Robust Rational Route to in a Simple Asset Pricing Model
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
94. Evolutionary dynamics in markets with many trader types
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (13)
    See also Journal Article Evolutionary dynamics in markets with many trader types, Journal of Mathematical Economics, Elsevier (2005) View citations (126) (2005)
95. Expectations and Bubbles in Asset Pricing Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (17)
    See also Journal Article Expectations and bubbles in asset pricing experiments, Journal of Economic Behavior & Organization, Elsevier (2008) View citations (145) (2008)
96. Heterogeneous beliefs and routes to complex dynamics in asset pricing models with price contingent contracts
    Working papers, Wisconsin Madison - Social Systems View citations (5)

2001

97. Adaptive Beliefs and the volatility of asset prices
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (12)
98. Bifurcation Routes to Volatility Clustering
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (3)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) View citations (37)
99. Consistent Expectations Equilibria and Complex Dynamics in Renewable Resource Markets
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (35)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000)
    See also Journal Article CONSISTENT EXPECTATIONS EQUILIBRIA AND COMPLEX DYNAMICS IN RENEWABLE RESOURCE MARKETS, Macroeconomic Dynamics, Cambridge University Press (2001) View citations (35) (2001)
100. Evolutionary Dynamics in Financial Markets With Many Trader Types
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (20)
     Also in Working papers, Wisconsin Madison - Social Systems (2001) View citations (13)
     Computing in Economics and Finance 2001, Society for Computational Economics (2001) View citations (18)
101. Financial Markets as Nonlinear Adaptive Evolutionary Systems
     Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (191)
     Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) View citations (9)
     See also Journal Article Financial markets as nonlinear adaptive evolutionary systems, Quantitative Finance, Taylor & Francis Journals (2001) View citations (198) (2001)
102. Heterogeneous beliefs and and routes to complez dynamics in asset pricing models with price contingent contracts
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (4)
103. Modeling the stylized facts in finance through simple nonlinear adaptive systems
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (17)
104. Stochastic Consistent Expectations Equilibria
     CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
     Also in Computing in Economics and Finance 2000, Society for Computational Economics (2000)
105. Succes and Failure of Technical Trading Strategies in the Cocoa Futures Market
     Computing in Economics and Finance 2001, Society for Computational Economics View citations (2)
     Also in CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2001) View citations (2)
     Tinbergen Institute Discussion Papers, Tinbergen Institute (2001) View citations (2)
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) View citations (4)

1999

106. Cobweb Dynamics under Bounded Rationality
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
107. Complex Nonlinear Dynamics and Computational Methods
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
108. Endogenous Fluctuations under Evolutionary Pressure in Cournot Competition
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (8)
     See also Journal Article Endogenous fluctuations under evolutionary pressure in Cournot competition, Games and Economic Behavior, Elsevier (2002) View citations (90) (2002)
109. Expectation Driven Price Volatility in an Experimental Cobweb Economy
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (4)
110. The Instability of a Heterogeneous Cobweb economy: a Strategy Experiment on Expectation Formation
     CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (8)
     See also Journal Article The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation, Journal of Economic Behavior & Organization, Elsevier (2004) View citations (60) (2004)

1998

111. Rational animal spirits
     Working papers, Wisconsin Madison - Social Systems View citations (8)

1997

112. Models of Compelxity in Economics and Finance
     Working papers, Wisconsin Madison - Social Systems View citations (34)

1996

113. A Rational Route to Randomness
     Working papers, Wisconsin Madison - Social Systems View citations (23)
     Also in Working papers, Wisconsin Madison - Social Systems (1995) View citations (22)
     Working Papers, Santa Fe Institute (1995) View citations (32)
     See also Journal Article A Rational Route to Randomness, Econometrica, Econometric Society (1997) View citations (1215) (1997)
     Chapter A Rational Route to Randomness, Chapters, Edward Elgar Publishing (2001) View citations (3) (2001)
114. Hetergeneous Beliefs and Routes to Chaos in a Simple Asset Pricing Model
     Working papers, Wisconsin Madison - Social Systems View citations (8)
     See also Journal Article Heterogeneous beliefs and routes to chaos in a simple asset pricing model, Journal of Economic Dynamics and Control, Elsevier (1998) View citations (1268) (1998)

1995

115. Investment constrained endogenous business cycles in a two-dimensional OLG model
     CEPREMAP Working Papers (Couverture Orange), CEPREMAP

Undated

116. Bubbles, crashes and information contagion in large-group asset market experiments
     Tinbergen Institute Discussion Papers, Tinbergen Institute
     See also Journal Article Bubbles, crashes and information contagion in large-group asset market experiments, Experimental Economics, Springer (2021) View citations (15) (2021)
117. Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations
     Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (16)
     See also Journal Article INTEREST RATE RULES AND MACROECONOMIC STABILITY UNDER HETEROGENEOUS EXPECTATIONS, Macroeconomic Dynamics, Cambridge University Press (2013) View citations (64) (2013)

Journal Articles

2024

1. Learning in a complex world: Insights from an OLG lab experiment
   Journal of Economic Behavior & Organization, 2024, 220, (C), 813-837
   See also Working Paper Learning in a Complex World Insights from an OLG Lab Experiment, ECONtribute Discussion Papers Series (2024) (2024)
2. Managing Bubbles in Experimental Asset Markets with Monetary Policy
   Journal of Money, Credit and Banking, 2024, 56, (2-3), 429-454 View citations (2)

2023

3. Behavioral learning equilibria in New Keynesian models
   Quantitative Economics, 2023, 14, (4), 1401-1445
   See also Working Paper Behavioral Learning Equilibria in New Keynesian Models, Staff Working Papers (2022) View citations (1) (2022)
4. Economic forecasting with an agent-based model
   European Economic Review, 2023, 151, (C) View citations (20)
5. Forecasting returns instead of prices exacerbates financial bubbles
   Experimental Economics, 2023, 26, (5), 1185-1213
6. Ten Isn't Large! Group Size and Coordination in a Large-Scale Experiment
   American Economic Journal: Microeconomics, 2023, 15, (1), 580-617 View citations (1)
   See also Working Paper Ten isn’t large! Group size and coordination in a large-scale experiment, Staff Working Papers (2020) View citations (1) (2020)

2022

7. Are long-horizon expectations (de-)stabilizing? Theory and experiments
   Journal of Monetary Economics, 2022, 132, (C), 44-63 View citations (1)
   See also Working Paper Are Long-Horizon Expectations (De-)Stabilizing? Theory and Experiments, Staff Working Papers (2019) View citations (11) (2019)
8. Forward guidance and the role of central bank credibility under heterogeneous beliefs
   Journal of Economic Behavior & Organization, 2022, 200, (C), 1240-1274 View citations (6)
9. Production delays and price dynamics
   Journal of Economic Behavior & Organization, 2022, 194, (C), 341-362 View citations (3)

2021

10. Behavioral and Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach
    Journal of Economic Literature, 2021, 59, (1), 149-219 View citations (88)
11. Bubbles, crashes and information contagion in large-group asset market experiments
    Experimental Economics, 2021, 24, (2), 414-433 View citations (15)
    See also Working Paper Bubbles, crashes and information contagion in large-group asset market experiments, Tinbergen Institute Discussion Papers
12. Comparing behavioural heterogeneity across asset classes
    Journal of Economic Behavior & Organization, 2021, 185, (C), 747-769 View citations (5)
    See also Working Paper Comparing behavioural heterogeneity across asset classes, Working Paper (2017) View citations (6) (2017)
13. Expectation formation in finance and macroeconomics: A review of new experimental evidence
    Journal of Behavioral and Experimental Finance, 2021, 32, (C) View citations (19)
14. Managing self-organization of expectations through monetary policy: A macro experiment
    Journal of Monetary Economics, 2021, 117, (C), 170-186 View citations (33)
    See also Working Paper Managing Self-organization of Expectations through Monetary Policy: a Macro Experiment, Post-Print (2021) View citations (28) (2021)
15. Price level versus inflation targeting under heterogeneous expectations: a laboratory experiment
    Journal of Economic Behavior & Organization, 2021, 182, (C), 39-82 View citations (3)
16. The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey
    European Economic Review, 2021, 140, (C) View citations (14)
    See also Working Paper The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey, Staff Working Papers (2021) View citations (12) (2021)

2020

17. Coordination on bubbles in large-group asset pricing experiments
    Journal of Economic Dynamics and Control, 2020, 110, (C) View citations (11)
18. The formation of a core-periphery structure in heterogeneous financial networks
    Journal of Economic Dynamics and Control, 2020, 119, (C) View citations (5)
    See also Working Paper The Formation of a Core Periphery Structure in Heterogeneous Financial Networks, Tinbergen Institute Discussion Papers (2019) View citations (6) (2019)

2019

19. Behavioral Heterogeneity in U.S. Inflation Dynamics
    Journal of Business & Economic Statistics, 2019, 37, (2), 288-300 View citations (30)
    See also Working Paper Behavioral Heterogeneity in U.S. Inflation Dynamics, Tinbergen Institute Discussion Papers (2013) View citations (3) (2013)
20. Contagion between asset markets: A two market heterogeneous agents model with destabilising spillover effects
    Journal of Economic Dynamics and Control, 2019, 100, (C), 314-333 View citations (4)
21. Critical slowing down as an early warning signal for financial crises?
    Empirical Economics, 2019, 57, (4), 1201-1228 View citations (8)
    See also Working Paper Critical Slowing Down as Early Warning Signals for Financial Crises?, CeNDEF Working Papers (2015) View citations (8) (2015)
22. Identifying booms and busts in house prices under heterogeneous expectations
    Journal of Economic Dynamics and Control, 2019, 103, (C), 234-259 View citations (11)
    See also Working Paper Identifying Booms and Busts in House Prices under Heterogeneous Expectations, Tinbergen Institute Discussion Papers (2014) View citations (31) (2014)
23. Inflation targeting and liquidity traps under endogenous credibility
    Journal of Monetary Economics, 2019, 107, (C), 48-62 View citations (63)
    See also Working Paper Inflation Targeting and Liquidity Traps Under Endogenous Credibility, Staff Working Papers (2019) View citations (55) (2019)
24. Learning to believe in simple equilibria in a complex OLG economy - evidence from the lab
    Journal of Economic Theory, 2019, 183, (C), 106-182 View citations (13)
    See also Working Paper Learning to believe in Simple Equilibria in a Complex OLG Economy - evidence from the lab, CeNDEF Working Papers (2016) View citations (1) (2016)
25. Learning, heterogeneity, and complexity in the New Keynesian model
    Journal of Economic Behavior & Organization, 2019, 166, (C), 446-470 View citations (4)
    See also Working Paper Learning, Heterogeneity, and Complexity in the New Keynesian Model, Working Papers (2018) View citations (1) (2018)
26. MONETARY AND FISCAL POLICY DESIGN AT THE ZERO LOWER BOUND: EVIDENCE FROM THE LAB
    Economic Inquiry, 2019, 57, (2), 1120-1140 View citations (25)
    See also Working Paper Monetary and Fiscal Policy Design at the Zero Lower Bound - Evidence from the Lab, CeNDEF Working Papers (2015) View citations (8) (2015)
27. Managing unanchored, heterogeneous expectations and liquidity traps
    Journal of Economic Dynamics and Control, 2019, 101, (C), 1-16 View citations (7)
    See also Working Paper Managing unanchored, heterogeneous expectations and liquidity traps, BERG Working Paper Series (2017) View citations (11) (2017)
28. Monetary policy under behavioral expectations: Theory and experiment
    European Economic Review, 2019, 118, (C), 193-212 View citations (60)
    See also Working Paper Monetary Policy under Behavioral Expectations: Theory and Experiment, Bank of Lithuania Working Paper Series (2017) View citations (19) (2017)
29. Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments
    Journal of the European Economic Association, 2019, 17, (5), 1538-1584 View citations (19)
    See also Working Paper Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments, Working Paper Series (2015) View citations (12) (2015)
30. When speculators meet suppliers: Positive versus negative feedback in experimental housing markets
    Journal of Economic Dynamics and Control, 2019, 107, (C), - View citations (19)

2018

31. Carl’s nonlinear cobweb
    Journal of Economic Dynamics and Control, 2018, 91, (C), 7-20 View citations (3)
32. Evolutionary Competition Between Adjustment Processes in Cournot Oligopoly: Instability and Complex Dynamics
    Dynamic Games and Applications, 2018, 8, (4), 822-843 View citations (15)
    See also Working Paper Evolutionary Competition between Adjustment Processes in Cournot Oligopoly: Instability and Complex Dynamics, THEMA Working Papers (2016) View citations (3) (2016)
33. Fiscal consolidations and heterogeneous expectations
    Journal of Economic Dynamics and Control, 2018, 87, (C), 173-205 View citations (27)
    See also Working Paper Fiscal consolidations and heterogeneous expectations, BERG Working Paper Series (2017) View citations (7) (2017)

2017

34. ANIMAL SPIRITS, HETEROGENEOUS EXPECTATIONS, AND THE AMPLIFICATION AND DURATION OF CRISES
    Economic Inquiry, 2017, 55, (1), 542-564 View citations (3)
    See also Working Paper Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises, CeNDEF Working Papers (2012) View citations (3) (2012)
35. Booms, busts and behavioural heterogeneity in stock prices
    Journal of Economic Dynamics and Control, 2017, 80, (C), 101-124 View citations (37)
    See also Working Paper Booms, Busts and Behavioural Heterogeneity in Stock Prices, Tinbergen Institute Discussion Papers (2015) View citations (3) (2015)
36. Bubble Formation and (In)Efficient Markets in Learning‐to‐forecast and optimise Experiments
    Economic Journal, 2017, 127, (605), F581-F609 View citations (46)
    See also Working Paper Bubble Formation and (In)Efficient Markets in Learning-to-Forecast and -optimise Experiments, Tinbergen Institute Discussion Papers (2015) View citations (10) (2015)
37. Do investors trade too much? A laboratory experiment
    Journal of Economic Behavior & Organization, 2017, 140, (C), 18-34 View citations (9)
    See also Working Paper Do investors trade too much? A laboratory experiment, Post-Print (2017) View citations (10) (2017)
38. Genetic algorithm learning in a New Keynesian macroeconomic setup
    Journal of Evolutionary Economics, 2017, 27, (5), 1133-1155 View citations (6)
    See also Working Paper Genetic Algorithm Learning in a New Keynesian Macroeconomic Setup, CeNDEF Working Papers (2015) View citations (1) (2015)

2016

39. Path dependent coordination of expectations in asset pricing experiments: A behavioral explanation
    Journal of Economic Behavior & Organization, 2016, 121, (C), 15-28 View citations (17)
    See also Working Paper Path Dependent Coordination of Expectations in Asset Pricing Experiments: a Behavioral Explanation, CeNDEF Working Papers (2015) View citations (10) (2015)

2015

40. PQ strategies in monopolistic competition: Some insights from the lab
    Journal of Economic Dynamics and Control, 2015, 50, (C), 62-77 View citations (15)
    See also Working Paper PQ Strategies in Monopolistic Competition: Some Insights from the Lab, DISCE - Working Papers del Dipartimento di Economia e Finanza (2014) View citations (25) (2014)

2014

41. A reply to Rosser and Kirman
    Journal of Economic Methodology, 2014, 21, (3), 317-321
42. Behavioral learning equilibria
    Journal of Economic Theory, 2014, 150, (C), 778-814 View citations (59)
    See also Working Paper Behavioral Learning Equilibria, Tinbergen Institute Discussion Papers (2013) View citations (7) (2013)
43. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria
    Review of Behavioral Economics, 2014, 1, (1-2), 75-97 View citations (10)
    See also Working Paper Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria, CeNDEF Working Papers (2013) (2013)
44. Innovate or Imitate? Behavioural technological change
    Journal of Economic Dynamics and Control, 2014, 48, (C), 308-324 View citations (21)
    See also Working Paper Innovate or Imitate? Behavioural technological change, Post-Print (2014) (2014)

2013

45. Evolutionary selection of expectations in positive and negative feedback markets
    Journal of Evolutionary Economics, 2013, 23, (3), 663-688 View citations (43)
    See also Working Paper Evolutionary Selection of Expectations in Positive and Negative Feedback Markets, CeNDEF Working Papers (2010) View citations (2) (2010)
46. INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS
    Macroeconomic Dynamics, 2013, 17, (2), 373-401 View citations (22)
    See also Working Paper Individual Expectations and Aggregate Behavior in Learning to Forcast Experiments, CeNDEF Working Papers (2009) View citations (6) (2009)
47. INTEREST RATE RULES AND MACROECONOMIC STABILITY UNDER HETEROGENEOUS EXPECTATIONS
    Macroeconomic Dynamics, 2013, 17, (8), 1574-1604 View citations (64)
    See also Working Paper Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations, Tinbergen Institute Discussion Papers View citations (16)
48. Learning, forecasting and optimizing: An experimental study
    European Economic Review, 2013, 61, (C), 186-204 View citations (84)
    See also Working Paper Learning, Forecasting and Optimizing: An Experimental Study, Tinbergen Institute Discussion Papers (2012) View citations (10) (2012)
49. More memory under evolutionary learning may lead to chaos
    Physica A: Statistical Mechanics and its Applications, 2013, 392, (4), 808-812 View citations (10)
    See also Working Paper More memory under evolutionary learning may lead to chaos, Post-Print (2013) (2013)
50. Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments
    Journal of Economic Methodology, 2013, 20, (4), 406-419 View citations (21)
    See also Working Paper Reflexivity, Expectations Feedback and Almost Self-fulfilling Equilibria: Economic Theory, Empirical Evidence and Laboratory Experiments, CeNDEF Working Papers (2013) View citations (27) (2013)
51. Super-exponential bubbles in lab experiments: Evidence for anchoring over-optimistic expectations on price
    Journal of Economic Behavior & Organization, 2013, 92, (C), 304-316 View citations (31)
    See also Working Paper Super-Exponential Bubbles in Lab Experiments: Evidence for Anchoring Over-Optimistic Expectations on Price, Swiss Finance Institute Research Paper Series (2012) (2012)

2012

52. An Experimental Study on Expectations and Learning in Overlapping Generations Models
    Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (4), 49 View citations (6)
53. Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments
    American Economic Journal: Microeconomics, 2012, 4, (4), 35-64 View citations (198)
    See also Working Paper Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments, CeNDEF Working Papers (2011) View citations (1) (2011)
54. IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?
    Macroeconomic Dynamics, 2012, 16, (3), 335-357 View citations (19)
    See also Working Paper Is more memory in evolutionary selection (de)stabilizing?, CeNDEF Working Papers (2009) View citations (3) (2009)
55. Individual expectations, limited rationality and aggregate outcomes
    Journal of Economic Dynamics and Control, 2012, 36, (8), 1101-1120 View citations (126)
    See also Working Paper Individual Expectations, Limited Rationality and Aggregate Outcomes, Tinbergen Institute Discussion Papers (2012) View citations (120) (2012)
56. Multiple equilibria and limit cycles in evolutionary games with Logit Dynamics
    Games and Economic Behavior, 2012, 74, (1), 434-441 View citations (16)

2011

57. The heterogeneous expectations hypothesis: Some evidence from the lab
    Journal of Economic Dynamics and Control, 2011, 35, (1), 1-24 View citations (354)
    See also Working Paper The Heterogeneous Expectations Hypothesis: Some Evidence from the Lab, CeNDEF Working Papers (2010) View citations (9) (2010)

2010

58. Does eductive stability imply evolutionary stability?
    Journal of Economic Behavior & Organization, 2010, 75, (1), 25-39 View citations (22)
    See also Working Paper Does eductive stability imply evolutionary stability?, CeNDEF Working Papers (2009) View citations (1) (2009)

2009

59. Forward and backward dynamics in implicitly defined overlapping generations models
    Journal of Economic Behavior & Organization, 2009, 71, (2), 110-129 View citations (14)
    See also Working Paper Forward and Backward Dynamics in implicitly defined Overlapping Generations Models, CeNDEF Working Papers (2009) View citations (14) (2009)
60. More hedging instruments may destabilize markets
    Journal of Economic Dynamics and Control, 2009, 33, (11), 1912-1928 View citations (98)
    See also Working Paper More Hedging Instruments may destablize Markets, Tinbergen Institute Discussion Papers (2008) View citations (1) (2008)
61. Price stability and volatility in markets with positive and negative expectations feedback: An experimental investigation
    Journal of Economic Dynamics and Control, 2009, 33, (5), 1052-1072 View citations (242)
    See also Working Paper Price Stability and Volatility in Markets with Positive and Negative Expectations Feedback: An Experimental Investigation, CeNDEF Working Papers (2006) View citations (8) (2006)

2008

62. Bifurcation routes to volatility clustering under evolutionary learning
    Journal of Economic Behavior & Organization, 2008, 67, (1), 27-47 View citations (78)
    See also Working Paper Bifurcation Routes to Volatility Clustering under Evolutionary Learning, CeNDEF Working Papers (2003) View citations (23) (2003)
63. E&F Chaos: A User Friendly Software Package for Nonlinear Economic Dynamics
    Computational Economics, 2008, 32, (1), 221-244 View citations (25)
    See also Working Paper E&F Chaos: a user friendly software package for nonlinear economic dynamics, CeNDEF Working Papers (2006) View citations (5) (2006)
64. Expectations and bubbles in asset pricing experiments
    Journal of Economic Behavior & Organization, 2008, 67, (1), 116-133 View citations (145)
    See also Working Paper Expectations and Bubbles in Asset Pricing Experiments, CeNDEF Working Papers (2002) View citations (17) (2002)

2007

65. Behavioral heterogeneity in stock prices
    Journal of Economic Dynamics and Control, 2007, 31, (6), 1938-1970 View citations (331)
    See also Working Paper Behavioral Heterogeneity in Stock Prices, CeNDEF Working Papers (2005) View citations (10) (2005)
66. LEARNING IN COBWEB EXPERIMENTS
    Macroeconomic Dynamics, 2007, 11, (S1), 8-33 View citations (71)
    Also in Macroeconomic Dynamics, 2007, 11, (S1), 8-33 (2007) View citations (68)
    See also Working Paper Learning in Cobweb Experiments, Tinbergen Institute Discussion Papers (2003) View citations (1) (2003)
67. Paul De Grauwe and Marianna Grimaldi, The exchange rate in a behavioral finance framework, Princeton University Press (2006)
    International Review of Economics & Finance, 2007, 16, (2), 300-302
    Also in International Review of Economics & Finance, 2007, 16, (3), 455-457 (2007)

2006

68. A dynamic analysis of moving average rules
    Journal of Economic Dynamics and Control, 2006, 30, (9-10), 1729-1753 View citations (110)
    See also Working Paper A Dynamic Analysis of Moving Average Rules, Tinbergen Institute Discussion Papers (2005) View citations (5) (2005)
69. Adaptive rational equilibrium with forward looking agents
    International Journal of Economic Theory, 2006, 2, (3‐4), 241-278 View citations (18)
70. Comments on "Testing for nonlinear structure and chaos in economic time series"
    Journal of Macroeconomics, 2006, 28, (1), 169-174 View citations (10)
71. Moving average rules as a source of market instability
    Physica A: Statistical Mechanics and its Applications, 2006, 370, (1), 12-17 View citations (22)

2005

72. A robust rational route to randomness in a simple asset pricing model
    Journal of Economic Dynamics and Control, 2005, 29, (6), 1043-1072 View citations (142)
73. A strategy experiment in dynamic asset pricing
    Journal of Economic Dynamics and Control, 2005, 29, (4), 823-843 View citations (31)
74. Coordination of Expectations in Asset Pricing Experiments
    The Review of Financial Studies, 2005, 18, (3), 955-980 View citations (297)
    See also Working Paper Coordination of Expectations in Asset Pricing Experiments, Tinbergen Institute Discussion Papers (2003) (2003)
75. Evolutionary dynamics in markets with many trader types
    Journal of Mathematical Economics, 2005, 41, (1-2), 7-42 View citations (126)
    See also Working Paper Evolutionary dynamics in markets with many trader types, CeNDEF Working Papers (2002) View citations (13) (2002)

2004

76. The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation
    Journal of Economic Behavior & Organization, 2004, 54, (4), 453-481 View citations (60)
    See also Working Paper The Instability of a Heterogeneous Cobweb economy: a Strategy Experiment on Expectation Formation, CeNDEF Working Papers (1999) View citations (8) (1999)

2002

77. Endogenous fluctuations under evolutionary pressure in Cournot competition
    Games and Economic Behavior, 2002, 40, (2), 232-269 View citations (90)
    See also Working Paper Endogenous Fluctuations under Evolutionary Pressure in Cournot Competition, CeNDEF Working Papers (1999) View citations (8) (1999)

2001

78. CONSISTENT EXPECTATIONS EQUILIBRIA AND COMPLEX DYNAMICS IN RENEWABLE RESOURCE MARKETS
    Macroeconomic Dynamics, 2001, 5, (02), 180-203 View citations (35)
    See also Working Paper Consistent Expectations Equilibria and Complex Dynamics in Renewable Resource Markets, Tinbergen Institute Discussion Papers (2001) View citations (35) (2001)
79. Financial markets as nonlinear adaptive evolutionary systems
    Quantitative Finance, 2001, 1, (1), 149-167 View citations (198)
    See also Working Paper Financial Markets as Nonlinear Adaptive Evolutionary Systems, Tinbergen Institute Discussion Papers (2001) View citations (191) (2001)

2000

80. Heterogeneous beliefs and the non-linear cobweb model
    Journal of Economic Dynamics and Control, 2000, 24, (5-7), 761-798 View citations (54)

1998

81. CONSISTENT EXPECTATIONS EQUILIBRIA
    Macroeconomic Dynamics, 1998, 2, (3), 287-321 View citations (122)
82. Heterogeneous beliefs and routes to chaos in a simple asset pricing model
    Journal of Economic Dynamics and Control, 1998, 22, (8-9), 1235-1274 View citations (1268)
    See also Working Paper Hetergeneous Beliefs and Routes to Chaos in a Simple Asset Pricing Model, Working papers (1996) View citations (8) (1996)
83. On the consistency of backward-looking expectations: The case of the cobweb
    Journal of Economic Behavior & Organization, 1998, 33, (3-4), 333-362 View citations (84)
84. Stability and complex dynamics in a discrete tatonnement model
    Journal of Economic Behavior & Organization, 1998, 33, (3-4), 395-410 View citations (16)

1997

85. A Rational Route to Randomness
    Econometrica, 1997, 65, (5), 1059-1096 View citations (1215)
    See also Working Paper A Rational Route to Randomness, Working papers (1996) View citations (23) (1996)
    Chapter A Rational Route to Randomness, Chapters, 2001, 402-438 (2001) View citations (3) (2001)
86. Book review: Complex economic dynamics volume I: An introduction to dynamical systems and market mechanism, Richard H. Day
    Discrete Dynamics in Nature and Society, 1997, 1, 1-2
87. Chaotic consumption patterns in a simple2-D addiction model
    Economic Theory, 1997, 10, (1), 147-173 View citations (8)

1996

88. Partial equilibrium analysis in a noisy chaotic market
    Economics Letters, 1996, 53, (3), 275-282 View citations (5)

1995

89. A reconsideration of Hicks' non-linear trade cycle model
    Structural Change and Economic Dynamics, 1995, 6, (4), 435-459 View citations (21)
90. Cycles and chaos in a socialist economy
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 155-179 View citations (10)

1994

91. Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand
    Journal of Economic Behavior & Organization, 1994, 24, (3), 315-335 View citations (118)

1993

92. Periodic, almost periodic and chaotic behaviour in Hicks' non-linear trade cycle model
    Economics Letters, 1993, 41, (4), 391-397 View citations (14)

1991

93. Adaptive learning and roads to chaos: The case of the cobweb
    Economics Letters, 1991, 36, (2), 127-132 View citations (53)
94. “Period three to period two” bifurcation for piecewise linear models
    Journal of Economics, 1991, 54, (2), 157-169 View citations (15)

1990

95. Resolution of chaos with application to a modified Samuelson model
    Journal of Economic Dynamics and Control, 1990, 14, (1), 1-19 View citations (10)

Books

2015

1. Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems
   Cambridge Books, Cambridge University Press View citations (4)
   Also in Cambridge Books, Cambridge University Press (2013) View citations (265)

Edited books

2014

1. Nonlinear Economic Dynamics and Financial Modelling
   Springer Books, Springer View citations (27)

Chapters

2017

1. From Self-Fulfilling Mistakes to Behavioral Learning Equilibria
   Springer
   See also Working Paper From self-fulfilling mistakes to behavioral learning equilibria, Tinbergen Institute (2017) (2017)

2014

2. Experiments on Expectations in Macroeconomics and Finance
   A chapter in Experiments in Macroeconomics, 2014, vol. 17, pp 11-70 View citations (68)
   See also Working Paper Experiments on Expectations in Macroeconomics and Finance, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) View citations (77) (2014)

2009

3. Bounded Rationality and Learning in Complex Markets
   Chapter 5 in Handbook of Research on Complexity, 2009 View citations (7)
   See also Working Paper Bounded Rationality and Learning in Complex Markets, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2007) View citations (4) (2007)
4. Complexity, Evolution and Learning
   Springer

2008

5. Evolutionary Switching between Forecasting Heuristics: An Explanation of an Asset-Pricing Experiment
   Springer View citations (1)

2007

6. A Nonlinear Structural Model for Volatility Clustering
   Springer View citations (64)
   See also Working Paper A nonlinear structural model for volatility clustering, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2005) View citations (15) (2005)

2006

7. Heterogeneous Agent Models in Economics and Finance
   Chapter 23 in Handbook of Computational Economics, 2006, vol. 2, pp 1109-1186 View citations (644)
   See also Working Paper Heterogeneous Agent Models in Economics and Finance, Tinbergen Institute (2005) View citations (27) (2005)

2001

8. A Rational Route to Randomness
   Chapter 16 in Growth Theory, Nonlinear Dynamics and Economic Modelling, 2001, pp 402-438 View citations (3)
   See also Working Paper A Rational Route to Randomness, Wisconsin Madison - Social Systems (1996) View citations (23) (1996)
   Journal Article A Rational Route to Randomness, Econometric Society (1997) View citations (1215) (1997)

Editor

1. Journal of Economic Dynamics and Control
   Elsevier