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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 2024-04-05. 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 Downloads
    Also in Staff Working Papers, Bank of Canada (2023) Downloads

2023

  1. Analyzing and forecasting economic crises with an agent-based model of the euro area
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
  2. What People Believe About Monetary Finance and What We Can(’t) Do About It: Evidence from a Large-Scale, Multi-Country Survey Experiment
    Staff Working Papers, Bank of Canada Downloads View citations (2)
    Also in CESifo Working Paper Series, CESifo (2023) Downloads View citations (2)

2022

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

2021

  1. Detecting exuberance in house prices across Canadian cities
    Staff Analytical Notes, Bank of Canada Downloads View citations (3)
  2. Managing Self-organization of Expectations through Monetary Policy: a Macro Experiment
    Post-Print, HAL View citations (21)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) Downloads View citations (26)
    TSE Working Papers, Toulouse School of Economics (TSE) (2018) Downloads View citations (4)

    See also Journal Article Managing self-organization of expectations through monetary policy: A macro experiment, Journal of Monetary Economics, Elsevier (2021) Downloads View citations (25) (2021)
  3. Rational vs. Irrational Beliefs in a Complex World
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany Downloads View citations (1)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2021) Downloads View citations (1)
  4. The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey
    Staff Working Papers, Bank of Canada Downloads View citations (10)
    Also in Working Paper Series, European Central Bank (2021) Downloads View citations (10)

    See also Journal Article The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey, European Economic Review, Elsevier (2021) Downloads View citations (12) (2021)

2020

  1. Ten isn’t large! Group size and coordination in a large-scale experiment
    Staff Working Papers, Bank of Canada Downloads 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) Downloads (2023)

2019

  1. Are Long-Horizon Expectations (De-)Stabilizing? Theory and Experiments
    Staff Working Papers, Bank of Canada Downloads View citations (11)
    See also Journal Article Are long-horizon expectations (de-)stabilizing? Theory and experiments, Journal of Monetary Economics, Elsevier (2022) Downloads View citations (1) (2022)
  2. Inflation Targeting and Liquidity Traps Under Endogenous Credibility
    Staff Working Papers, Bank of Canada Downloads View citations (43)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2015) Downloads View citations (9)

    See also Journal Article Inflation targeting and liquidity traps under endogenous credibility, Journal of Monetary Economics, Elsevier (2019) Downloads View citations (51) (2019)
  3. The Formation of a Core Periphery Structure in Heterogeneous Financial Networks
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (6)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) Downloads View citations (14)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2016) Downloads 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) Downloads View citations (4) (2020)

2018

  1. Behavioral & experimental macroeconomics and policy analysis: a complex systems approach
    Working Paper Series, European Central Bank Downloads View citations (8)
  2. 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 Downloads View citations (1)
    See also Journal Article Learning, heterogeneity, and complexity in the New Keynesian model, Journal of Economic Behavior & Organization, Elsevier (2019) Downloads View citations (3) (2019)

2017

  1. Comparing behavioural heterogeneity across asset classes
    Working Paper, Norges Bank Downloads View citations (6)
    See also Journal Article Comparing behavioural heterogeneity across asset classes, Journal of Economic Behavior & Organization, Elsevier (2021) Downloads View citations (5) (2021)
  2. Do investors trade too much? A laboratory experiment
    Post-Print, HAL Downloads View citations (10)
    Also in Papers, arXiv.org (2015) Downloads

    See also Journal Article Do investors trade too much? A laboratory experiment, Journal of Economic Behavior & Organization, Elsevier (2017) Downloads View citations (9) (2017)
  3. Fiscal consolidations and heterogeneous expectations
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group Downloads View citations (7)
    See also Journal Article Fiscal consolidations and heterogeneous expectations, Journal of Economic Dynamics and Control, Elsevier (2018) Downloads View citations (25) (2018)
  4. From self-fulfilling mistakes to behavioral learning equilibria
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
    See also Chapter From Self-Fulfilling Mistakes to Behavioral Learning Equilibria, Studies in Economic Theory, Springer (2017) (2017)
  5. Internal Rationality, Heterogeneity, and Complexity in the New Keynesian Model
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (2)
  6. 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 Downloads
  7. Managing unanchored, heterogeneous expectations and liquidity traps
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group Downloads View citations (11)
    See also Journal Article Managing unanchored, heterogeneous expectations and liquidity traps, Journal of Economic Dynamics and Control, Elsevier (2019) Downloads View citations (4) (2019)
  8. Monetary Policy under Behavioral Expectations: Theory and Experiment
    Bank of Lithuania Working Paper Series, Bank of Lithuania Downloads View citations (19)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2015) Downloads View citations (8)

    See also Journal Article Monetary policy under behavioral expectations: Theory and experiment, European Economic Review, Elsevier (2019) Downloads View citations (51) (2019)

2016

  1. Behavioral Learning Equilibria, Persistence Amplification & Monetary Policy
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads
  2. 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 Downloads 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) Downloads View citations (15) (2018)
  3. 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 Downloads 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) Downloads View citations (10) (2019)
  4. Managing Heterogeneous and Unanchored Expectations: A Monetary Policy Analysis
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (13)

2015

  1. Booms, Busts and Behavioural Heterogeneity in Stock Prices
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (3)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) Downloads View citations (2)

    See also Journal Article Booms, busts and behavioural heterogeneity in stock prices, Journal of Economic Dynamics and Control, Elsevier (2017) Downloads View citations (36) (2017)
  2. Bubble Formation and (In)Efficient Markets in Learning-to-Forecast and -optimise Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (10)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) Downloads 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) Downloads View citations (46) (2017)
  3. Critical Slowing Down as Early Warning Signals for Financial Crises?
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (8)
    See also Journal Article Critical slowing down as an early warning signal for financial crises?, Empirical Economics, Springer (2019) Downloads View citations (5) (2019)
  4. Genetic Algorithm Learning in a New Keynesian Macroeconomic Setup
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (1)
    See also Journal Article Genetic algorithm learning in a New Keynesian macroeconomic setup, Journal of Evolutionary Economics, Springer (2017) Downloads View citations (5) (2017)
  5. 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 Downloads View citations (9)
    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) Downloads View citations (23) (2019)
  6. 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 Downloads 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) Downloads View citations (17) (2016)
  7. 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 Downloads View citations (13)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2015) Downloads 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) Downloads View citations (16) (2019)
  8. 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 Downloads View citations (7)

2014

  1. Experiments on Expectations in Macroeconomics and Finance
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (72)
    See also Chapter Experiments on Expectations in Macroeconomics and Finance, Research in Experimental Economics, Emerald Group Publishing Limited (2014) Downloads View citations (68) (2014)
  2. Identifying Booms and Busts in House Prices under Heterogeneous Expectations
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (31)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2014) Downloads 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) Downloads View citations (10) (2019)
  3. 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) Downloads 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) Downloads View citations (14) (2015)

2013

  1. Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (45)
    Also in DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) (2013) Downloads View citations (45)
  2. Behavioral Heterogeneity in U.S. Inflation Dynamics
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (3)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2012) Downloads View citations (49)

    See also Journal Article Behavioral Heterogeneity in U.S. Inflation Dynamics, Journal of Business & Economic Statistics, Taylor & Francis Journals (2019) Downloads View citations (28) (2019)
  3. Behavioral Learning Equilibria
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (7)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2012) Downloads View citations (1)

    See also Journal Article Behavioral learning equilibria, Journal of Economic Theory, Elsevier (2014) Downloads View citations (59) (2014)
  4. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2013) Downloads

    See also Journal Article Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria, Review of Behavioral Economics, now publishers (2014) Downloads View citations (9) (2014)
  5. Individual Expectations and Aggregate Macro Behavior
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (74)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2011) Downloads View citations (81)
  6. Innovate or Imitate? Behavioural Technological Change
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2013) Downloads

    See also Journal Article Innovate or Imitate? Behavioural technological change, Journal of Economic Dynamics and Control, Elsevier (2014) Downloads View citations (21) (2014)
  7. 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 Downloads View citations (27)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2013) Downloads 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) Downloads View citations (21) (2013)

2012

  1. 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 Downloads 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) Downloads View citations (3) (2017)
  2. Individual Expectations, Limited Rationality and Aggregate Outcomes
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (116)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2010) Downloads View citations (3)

    See also Journal Article Individual expectations, limited rationality and aggregate outcomes, Journal of Economic Dynamics and Control, Elsevier (2012) Downloads View citations (122) (2012)
  3. Learning, Forecasting and Optimizing: An Experimental Study
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (10)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2011) Downloads View citations (8)

    See also Journal Article Learning, forecasting and optimizing: An experimental study, European Economic Review, Elsevier (2013) Downloads View citations (76) (2013)
  4. Super-Exponential Bubbles in Lab Experiments: Evidence for Anchoring Over-Optimistic Expectations on Price
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads
    Also in Papers, arXiv.org (2012) Downloads

    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) Downloads View citations (30) (2013)

2011

  1. 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 Downloads 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) Downloads View citations (191) (2012)
  2. 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 Downloads View citations (1)
  3. On the stability of the Cournot equilibrium: An evolutionary approach
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (11)

2010

  1. Evolutionary Selection of Expectations in Positive and Negative Feedback Markets
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (2)
    See also Journal Article Evolutionary selection of expectations in positive and negative feedback markets, Journal of Evolutionary Economics, Springer (2013) Downloads View citations (42) (2013)
  2. 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 Downloads
  3. The Heterogeneous Expectations Hypothesis: Some Evidence from the Lab
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (9)
    See also Journal Article The heterogeneous expectations hypothesis: Some evidence from the lab, Journal of Economic Dynamics and Control, Elsevier (2011) Downloads View citations (343) (2011)

2009

  1. Does eductive stability imply evolutionary stability?
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2003) Downloads View citations (5)

    See also Journal Article Does eductive stability imply evolutionary stability?, Journal of Economic Behavior & Organization, Elsevier (2010) Downloads View citations (21) (2010)
  2. Evolutionary Selection of Individual Expectations and Aggregate Outcomes
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (18)
  3. Forward and Backward Dynamics in implicitly defined Overlapping Generations Models
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (14)
    Also in Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini (2008) Downloads

    See also Journal Article Forward and backward dynamics in implicitly defined overlapping generations models, Journal of Economic Behavior & Organization, Elsevier (2009) Downloads View citations (14) (2009)
  4. Forward and Backward Dynamics in implicitly defined Overl apping Generations Models
    Post-Print, HAL Downloads View citations (2)
  5. Individual Expectations and Aggregate Behavior in Learning to Forcast Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (6)
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2008) Downloads View citations (2)

    See also Journal Article INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS, Macroeconomic Dynamics, Cambridge University Press (2013) Downloads View citations (22) (2013)
  6. Is more memory in evolutionary selection (de)stabilizing?
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (3)
    See also Journal Article IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?, Macroeconomic Dynamics, Cambridge University Press (2012) Downloads View citations (19) (2012)

2008

  1. Complex Evolutionary Systems in Behavioral Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (8)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2008) Downloads View citations (26)
  2. Interest Rate Rules with Heterogeneous Expectations
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (11)
  3. More Hedging Instruments may destablize Markets
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2008) Downloads View citations (5)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2006) Downloads View citations (8)

    See also Journal Article More hedging instruments may destabilize markets, Journal of Economic Dynamics and Control, Elsevier (2009) Downloads View citations (95) (2009)

2007

  1. Bounded Rationality and Learning in Complex Markets
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (4)
    See also Chapter Bounded Rationality and Learning in Complex Markets, Chapters, Edward Elgar Publishing (2009) Downloads View citations (7) (2009)
  2. 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 Downloads View citations (5)
  3. Evolution of Market Heuristics
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (13)

2006

  1. 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 Downloads View citations (5)
    See also Journal Article E&F Chaos: A User Friendly Software Package for Nonlinear Economic Dynamics, Computational Economics, Springer (2008) Downloads View citations (25) (2008)
  2. Interacting Agents in Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (2)
  3. 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 Downloads
  4. 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 Downloads 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) Downloads View citations (237) (2009)
  5. Testing for Nonlinear Structure and Chaos in Economic Time. A Comment
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (2)

2005

  1. A Dynamic Analysis of Moving Average Rules
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (5)
    Also in Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney (2004) Downloads View citations (7)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2004) Downloads

    See also Journal Article A dynamic analysis of moving average rules, Journal of Economic Dynamics and Control, Elsevier (2006) Downloads View citations (109) (2006)
  2. A nonlinear structural model for volatility clustering
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (15)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (47)

    See also Chapter A Nonlinear Structural Model for Volatility Clustering, Springer Books, Springer (2007) View citations (63) (2007)
  3. 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 Downloads
  4. Behavioral Heterogeneity in Stock Prices
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (11)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2005) Downloads View citations (10)

    See also Journal Article Behavioral heterogeneity in stock prices, Journal of Economic Dynamics and Control, Elsevier (2007) Downloads View citations (326) (2007)
  5. Heterogeneous Agent Models in Economics and Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (27)
    See also Chapter Heterogeneous Agent Models in Economics and Finance, Handbook of Computational Economics, Elsevier (2006) Downloads View citations (640) (2006)
  6. 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 Downloads View citations (7)
  7. Heterogeneous Agent Models: Two Simple Case Studies
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
  8. 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 Downloads View citations (4)
  9. Price expectations in the laboratory in positive and negative feedback systems
    Computing in Economics and Finance 2005, Society for Computational Economics Downloads View citations (3)
  10. 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 Downloads

2004

  1. Coordination of Expectations in Asset Pricing Experiments (Version March 2004)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (12)
  2. Do hedging instruments stabilize markets?
    Computing in Economics and Finance 2004, Society for Computational Economics
  3. 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 Downloads
  4. Forming price expectations in positive and negative feedback systems
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (2)

2003

  1. Bifurcation Routes to Volatility Clustering under Evolutionary Learning
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (23)
    See also Journal Article Bifurcation routes to volatility clustering under evolutionary learning, Journal of Economic Behavior & Organization, Elsevier (2008) Downloads View citations (76) (2008)
  2. Coordination of Expectations in Asset Pricing Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
    See also Journal Article Coordination of Expectations in Asset Pricing Experiments, The Review of Financial Studies, Society for Financial Studies (2005) Downloads View citations (288) (2005)
  3. Learning in Cobweb Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2002) Downloads View citations (1)

    See also Journal Article LEARNING IN COBWEB EXPERIMENTS, Macroeconomic Dynamics, Cambridge University Press (2007) Downloads View citations (70) (2007)
  4. Mean Reversion, Bubbles and Heterogeneous Beliefs in Stock Prices
    Computing in Economics and Finance 2003, Society for Computational Economics Downloads
  5. 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 Downloads View citations (1)

2002

  1. 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 Downloads
  2. Evolutionary dynamics in markets with many trader types
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (13)
    See also Journal Article Evolutionary dynamics in markets with many trader types, Journal of Mathematical Economics, Elsevier (2005) Downloads View citations (122) (2005)
  3. Expectations and Bubbles in Asset Pricing Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (17)
    See also Journal Article Expectations and bubbles in asset pricing experiments, Journal of Economic Behavior & Organization, Elsevier (2008) Downloads View citations (141) (2008)
  4. Heterogeneous beliefs and routes to complex dynamics in asset pricing models with price contingent contracts
    Working papers, Wisconsin Madison - Social Systems Downloads View citations (5)

2001

  1. Adaptive Beliefs and the volatility of asset prices
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (12)
  2. Bifurcation Routes to Volatility Clustering
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (3)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (37)
  3. Consistent Expectations Equilibria and Complex Dynamics in Renewable Resource Markets
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (35)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads

    See also Journal Article CONSISTENT EXPECTATIONS EQUILIBRIA AND COMPLEX DYNAMICS IN RENEWABLE RESOURCE MARKETS, Macroeconomic Dynamics, Cambridge University Press (2001) Downloads View citations (35) (2001)
  4. Evolutionary Dynamics in Financial Markets With Many Trader Types
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (20)
    Also in Working papers, Wisconsin Madison - Social Systems (2001) Downloads View citations (13)
    Computing in Economics and Finance 2001, Society for Computational Economics (2001) View citations (18)
  5. Financial Markets as Nonlinear Adaptive Evolutionary Systems
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (191)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (9)

    See also Journal Article Financial markets as nonlinear adaptive evolutionary systems, Quantitative Finance, Taylor & Francis Journals (2001) Downloads View citations (198) (2001)
  6. 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 Downloads View citations (4)
  7. 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 Downloads View citations (17)
  8. 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)
  9. 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) Downloads View citations (2)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (4)

1999

  1. Cobweb Dynamics under Bounded Rationality
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
  2. Complex Nonlinear Dynamics and Computational Methods
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (5)
  3. 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) Downloads View citations (88) (2002)
  4. 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)
  5. 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 Downloads 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) Downloads View citations (59) (2004)

1998

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

1997

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

1996

  1. 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 Chapter A Rational Route to Randomness, Chapters, Edward Elgar Publishing (2001) Downloads View citations (2) (2001)
    Journal Article A Rational Route to Randomness, Econometrica, Econometric Society (1997) View citations (1197) (1997)
  2. 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) Downloads View citations (1250) (1998)

1995

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

Undated

  1. Bubbles, crashes and information contagion in large-group asset market experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (3)
    See also Journal Article Bubbles, crashes and information contagion in large-group asset market experiments, Experimental Economics, Springer (2021) Downloads View citations (9) (2021)
  2. Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (16)
    See also Journal Article INTEREST RATE RULES AND MACROECONOMIC STABILITY UNDER HETEROGENEOUS EXPECTATIONS, Macroeconomic Dynamics, Cambridge University Press (2013) Downloads View citations (57) (2013)

Journal Articles

2024

  1. Managing Bubbles in Experimental Asset Markets with Monetary Policy
    Journal of Money, Credit and Banking, 2024, 56, (2-3), 429-454 Downloads

2023

  1. Behavioral learning equilibria in New Keynesian models
    Quantitative Economics, 2023, 14, (4), 1401-1445 Downloads
    See also Working Paper Behavioral Learning Equilibria in New Keynesian Models, Staff Working Papers (2022) Downloads View citations (1) (2022)
  2. Economic forecasting with an agent-based model
    European Economic Review, 2023, 151, (C) Downloads View citations (8)
  3. Forecasting returns instead of prices exacerbates financial bubbles
    Experimental Economics, 2023, 26, (5), 1185-1213 Downloads
  4. Ten Isn't Large! Group Size and Coordination in a Large-Scale Experiment
    American Economic Journal: Microeconomics, 2023, 15, (1), 580-617 Downloads
    See also Working Paper Ten isn’t large! Group size and coordination in a large-scale experiment, Staff Working Papers (2020) Downloads View citations (1) (2020)

2022

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

2021

  1. Behavioral and Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach
    Journal of Economic Literature, 2021, 59, (1), 149-219 Downloads View citations (68)
  2. Bubbles, crashes and information contagion in large-group asset market experiments
    Experimental Economics, 2021, 24, (2), 414-433 Downloads View citations (9)
    See also Working Paper Bubbles, crashes and information contagion in large-group asset market experiments, Tinbergen Institute Discussion Papers Downloads View citations (3)
  3. Comparing behavioural heterogeneity across asset classes
    Journal of Economic Behavior & Organization, 2021, 185, (C), 747-769 Downloads View citations (5)
    See also Working Paper Comparing behavioural heterogeneity across asset classes, Working Paper (2017) Downloads View citations (6) (2017)
  4. Expectation formation in finance and macroeconomics: A review of new experimental evidence
    Journal of Behavioral and Experimental Finance, 2021, 32, (C) Downloads View citations (11)
  5. Managing self-organization of expectations through monetary policy: A macro experiment
    Journal of Monetary Economics, 2021, 117, (C), 170-186 Downloads View citations (25)
    See also Working Paper Managing Self-organization of Expectations through Monetary Policy: a Macro Experiment, Post-Print (2021) View citations (21) (2021)
  6. Price level versus inflation targeting under heterogeneous expectations: a laboratory experiment
    Journal of Economic Behavior & Organization, 2021, 182, (C), 39-82 Downloads View citations (3)
  7. The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey
    European Economic Review, 2021, 140, (C) Downloads View citations (12)
    See also Working Paper The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey, Staff Working Papers (2021) Downloads View citations (10) (2021)

2020

  1. Coordination on bubbles in large-group asset pricing experiments
    Journal of Economic Dynamics and Control, 2020, 110, (C) Downloads View citations (8)
  2. The formation of a core-periphery structure in heterogeneous financial networks
    Journal of Economic Dynamics and Control, 2020, 119, (C) Downloads View citations (4)
    See also Working Paper The Formation of a Core Periphery Structure in Heterogeneous Financial Networks, Tinbergen Institute Discussion Papers (2019) Downloads View citations (6) (2019)

2019

  1. Behavioral Heterogeneity in U.S. Inflation Dynamics
    Journal of Business & Economic Statistics, 2019, 37, (2), 288-300 Downloads View citations (28)
    See also Working Paper Behavioral Heterogeneity in U.S. Inflation Dynamics, Tinbergen Institute Discussion Papers (2013) Downloads View citations (3) (2013)
  2. 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 Downloads View citations (3)
  3. Critical slowing down as an early warning signal for financial crises?
    Empirical Economics, 2019, 57, (4), 1201-1228 Downloads View citations (5)
    See also Working Paper Critical Slowing Down as Early Warning Signals for Financial Crises?, CeNDEF Working Papers (2015) Downloads View citations (8) (2015)
  4. Identifying booms and busts in house prices under heterogeneous expectations
    Journal of Economic Dynamics and Control, 2019, 103, (C), 234-259 Downloads View citations (10)
    See also Working Paper Identifying Booms and Busts in House Prices under Heterogeneous Expectations, Tinbergen Institute Discussion Papers (2014) Downloads View citations (31) (2014)
  5. Inflation targeting and liquidity traps under endogenous credibility
    Journal of Monetary Economics, 2019, 107, (C), 48-62 Downloads View citations (51)
    See also Working Paper Inflation Targeting and Liquidity Traps Under Endogenous Credibility, Staff Working Papers (2019) Downloads View citations (43) (2019)
  6. Learning to believe in simple equilibria in a complex OLG economy - evidence from the lab
    Journal of Economic Theory, 2019, 183, (C), 106-182 Downloads View citations (10)
    See also Working Paper Learning to believe in Simple Equilibria in a Complex OLG Economy - evidence from the lab, CeNDEF Working Papers (2016) Downloads View citations (1) (2016)
  7. Learning, heterogeneity, and complexity in the New Keynesian model
    Journal of Economic Behavior & Organization, 2019, 166, (C), 446-470 Downloads View citations (3)
    See also Working Paper Learning, Heterogeneity, and Complexity in the New Keynesian Model, Working Papers (2018) Downloads View citations (1) (2018)
  8. MONETARY AND FISCAL POLICY DESIGN AT THE ZERO LOWER BOUND: EVIDENCE FROM THE LAB
    Economic Inquiry, 2019, 57, (2), 1120-1140 Downloads View citations (23)
    See also Working Paper Monetary and Fiscal Policy Design at the Zero Lower Bound - Evidence from the Lab, CeNDEF Working Papers (2015) Downloads View citations (9) (2015)
  9. Managing unanchored, heterogeneous expectations and liquidity traps
    Journal of Economic Dynamics and Control, 2019, 101, (C), 1-16 Downloads View citations (4)
    See also Working Paper Managing unanchored, heterogeneous expectations and liquidity traps, BERG Working Paper Series (2017) Downloads View citations (11) (2017)
  10. Monetary policy under behavioral expectations: Theory and experiment
    European Economic Review, 2019, 118, (C), 193-212 Downloads View citations (51)
    See also Working Paper Monetary Policy under Behavioral Expectations: Theory and Experiment, Bank of Lithuania Working Paper Series (2017) Downloads View citations (19) (2017)
  11. Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments
    Journal of the European Economic Association, 2019, 17, (5), 1538-1584 Downloads View citations (16)
    See also Working Paper Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments, Working Paper Series (2015) Downloads View citations (13) (2015)
  12. When speculators meet suppliers: Positive versus negative feedback in experimental housing markets
    Journal of Economic Dynamics and Control, 2019, 107, (C), - Downloads View citations (18)

2018

  1. Carl’s nonlinear cobweb
    Journal of Economic Dynamics and Control, 2018, 91, (C), 7-20 Downloads View citations (3)
  2. Evolutionary Competition Between Adjustment Processes in Cournot Oligopoly: Instability and Complex Dynamics
    Dynamic Games and Applications, 2018, 8, (4), 822-843 Downloads View citations (15)
    See also Working Paper Evolutionary Competition between Adjustment Processes in Cournot Oligopoly: Instability and Complex Dynamics, THEMA Working Papers (2016) Downloads View citations (3) (2016)
  3. Fiscal consolidations and heterogeneous expectations
    Journal of Economic Dynamics and Control, 2018, 87, (C), 173-205 Downloads View citations (25)
    See also Working Paper Fiscal consolidations and heterogeneous expectations, BERG Working Paper Series (2017) Downloads View citations (7) (2017)

2017

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

2016

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

2015

  1. PQ strategies in monopolistic competition: Some insights from the lab
    Journal of Economic Dynamics and Control, 2015, 50, (C), 62-77 Downloads View citations (14)
    See also Working Paper PQ Strategies in Monopolistic Competition: Some Insights from the Lab, DISCE - Working Papers del Dipartimento di Economia e Finanza (2014) Downloads View citations (25) (2014)

2014

  1. A reply to Rosser and Kirman
    Journal of Economic Methodology, 2014, 21, (3), 317-321 Downloads
  2. Behavioral learning equilibria
    Journal of Economic Theory, 2014, 150, (C), 778-814 Downloads View citations (59)
    See also Working Paper Behavioral Learning Equilibria, Tinbergen Institute Discussion Papers (2013) Downloads View citations (7) (2013)
  3. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria
    Review of Behavioral Economics, 2014, 1, (1-2), 75-97 Downloads View citations (9)
    See also Working Paper Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria, Tinbergen Institute Discussion Papers (2013) Downloads (2013)
  4. Innovate or Imitate? Behavioural technological change
    Journal of Economic Dynamics and Control, 2014, 48, (C), 308-324 Downloads View citations (21)
    See also Working Paper Innovate or Imitate? Behavioural Technological Change, CeNDEF Working Papers (2013) Downloads (2013)

2013

  1. Evolutionary selection of expectations in positive and negative feedback markets
    Journal of Evolutionary Economics, 2013, 23, (3), 663-688 Downloads View citations (42)
    See also Working Paper Evolutionary Selection of Expectations in Positive and Negative Feedback Markets, CeNDEF Working Papers (2010) Downloads View citations (2) (2010)
  2. INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS
    Macroeconomic Dynamics, 2013, 17, (2), 373-401 Downloads View citations (22)
    See also Working Paper Individual Expectations and Aggregate Behavior in Learning to Forcast Experiments, CeNDEF Working Papers (2009) Downloads View citations (6) (2009)
  3. INTEREST RATE RULES AND MACROECONOMIC STABILITY UNDER HETEROGENEOUS EXPECTATIONS
    Macroeconomic Dynamics, 2013, 17, (8), 1574-1604 Downloads View citations (57)
    See also Working Paper Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations, Tinbergen Institute Discussion Papers Downloads View citations (16)
  4. Learning, forecasting and optimizing: An experimental study
    European Economic Review, 2013, 61, (C), 186-204 Downloads View citations (76)
    See also Working Paper Learning, Forecasting and Optimizing: An Experimental Study, Tinbergen Institute Discussion Papers (2012) Downloads View citations (10) (2012)
  5. More memory under evolutionary learning may lead to chaos
    Physica A: Statistical Mechanics and its Applications, 2013, 392, (4), 808-812 Downloads View citations (10)
  6. Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments
    Journal of Economic Methodology, 2013, 20, (4), 406-419 Downloads 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) Downloads View citations (27) (2013)
  7. Super-exponential bubbles in lab experiments: Evidence for anchoring over-optimistic expectations on price
    Journal of Economic Behavior & Organization, 2013, 92, (C), 304-316 Downloads View citations (30)
    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) Downloads (2012)

2012

  1. An Experimental Study on Expectations and Learning in Overlapping Generations Models
    Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (4), 1-49 Downloads View citations (6)
  2. Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments
    American Economic Journal: Microeconomics, 2012, 4, (4), 35-64 Downloads View citations (191)
    See also Working Paper Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments, CeNDEF Working Papers (2011) Downloads View citations (1) (2011)
  3. IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?
    Macroeconomic Dynamics, 2012, 16, (3), 335-357 Downloads View citations (19)
    See also Working Paper Is more memory in evolutionary selection (de)stabilizing?, CeNDEF Working Papers (2009) Downloads View citations (3) (2009)
  4. Individual expectations, limited rationality and aggregate outcomes
    Journal of Economic Dynamics and Control, 2012, 36, (8), 1101-1120 Downloads View citations (122)
    See also Working Paper Individual Expectations, Limited Rationality and Aggregate Outcomes, Tinbergen Institute Discussion Papers (2012) Downloads View citations (116) (2012)
  5. Multiple equilibria and limit cycles in evolutionary games with Logit Dynamics
    Games and Economic Behavior, 2012, 74, (1), 434-441 Downloads View citations (16)

2011

  1. The heterogeneous expectations hypothesis: Some evidence from the lab
    Journal of Economic Dynamics and Control, 2011, 35, (1), 1-24 Downloads View citations (343)
    See also Working Paper The Heterogeneous Expectations Hypothesis: Some Evidence from the Lab, CeNDEF Working Papers (2010) Downloads View citations (9) (2010)

2010

  1. Does eductive stability imply evolutionary stability?
    Journal of Economic Behavior & Organization, 2010, 75, (1), 25-39 Downloads View citations (21)
    See also Working Paper Does eductive stability imply evolutionary stability?, CeNDEF Working Papers (2009) Downloads View citations (1) (2009)

2009

  1. Forward and backward dynamics in implicitly defined overlapping generations models
    Journal of Economic Behavior & Organization, 2009, 71, (2), 110-129 Downloads View citations (14)
    See also Working Paper Forward and Backward Dynamics in implicitly defined Overlapping Generations Models, CeNDEF Working Papers (2009) Downloads View citations (14) (2009)
  2. More hedging instruments may destabilize markets
    Journal of Economic Dynamics and Control, 2009, 33, (11), 1912-1928 Downloads View citations (95)
    See also Working Paper More Hedging Instruments may destablize Markets, Tinbergen Institute Discussion Papers (2008) Downloads View citations (1) (2008)
  3. 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 Downloads View citations (237)
    See also Working Paper Price Stability and Volatility in Markets with Positive and Negative Expectations Feedback: An Experimental Investigation, CeNDEF Working Papers (2006) Downloads View citations (8) (2006)

2008

  1. Bifurcation routes to volatility clustering under evolutionary learning
    Journal of Economic Behavior & Organization, 2008, 67, (1), 27-47 Downloads View citations (76)
    See also Working Paper Bifurcation Routes to Volatility Clustering under Evolutionary Learning, CeNDEF Working Papers (2003) Downloads View citations (23) (2003)
  2. E&F Chaos: A User Friendly Software Package for Nonlinear Economic Dynamics
    Computational Economics, 2008, 32, (1), 221-244 Downloads View citations (25)
    See also Working Paper E&F Chaos: a user friendly software package for nonlinear economic dynamics, CeNDEF Working Papers (2006) Downloads View citations (5) (2006)
  3. Expectations and bubbles in asset pricing experiments
    Journal of Economic Behavior & Organization, 2008, 67, (1), 116-133 Downloads View citations (141)
    See also Working Paper Expectations and Bubbles in Asset Pricing Experiments, CeNDEF Working Papers (2002) Downloads View citations (17) (2002)

2007

  1. Behavioral heterogeneity in stock prices
    Journal of Economic Dynamics and Control, 2007, 31, (6), 1938-1970 Downloads View citations (326)
    See also Working Paper Behavioral Heterogeneity in Stock Prices, Tinbergen Institute Discussion Papers (2005) Downloads View citations (11) (2005)
  2. LEARNING IN COBWEB EXPERIMENTS
    Macroeconomic Dynamics, 2007, 11, (S1), 8-33 Downloads View citations (70)
    Also in Macroeconomic Dynamics, 2007, 11, (S1), 8-33 (2007) Downloads View citations (66)

    See also Working Paper Learning in Cobweb Experiments, Tinbergen Institute Discussion Papers (2003) Downloads View citations (1) (2003)
  3. 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, (3), 455-457 Downloads
    Also in International Review of Economics & Finance, 2007, 16, (2), 300-302 (2007) Downloads

2006

  1. A dynamic analysis of moving average rules
    Journal of Economic Dynamics and Control, 2006, 30, (9-10), 1729-1753 Downloads View citations (109)
    See also Working Paper A Dynamic Analysis of Moving Average Rules, Tinbergen Institute Discussion Papers (2005) Downloads View citations (5) (2005)
  2. Adaptive rational equilibrium with forward looking agents
    International Journal of Economic Theory, 2006, 2, (3‐4), 241-278 Downloads View citations (18)
  3. Comments on "Testing for nonlinear structure and chaos in economic time series"
    Journal of Macroeconomics, 2006, 28, (1), 169-174 Downloads View citations (10)
  4. Moving average rules as a source of market instability
    Physica A: Statistical Mechanics and its Applications, 2006, 370, (1), 12-17 Downloads View citations (22)

2005

  1. A robust rational route to randomness in a simple asset pricing model
    Journal of Economic Dynamics and Control, 2005, 29, (6), 1043-1072 Downloads View citations (133)
  2. A strategy experiment in dynamic asset pricing
    Journal of Economic Dynamics and Control, 2005, 29, (4), 823-843 Downloads View citations (29)
  3. Coordination of Expectations in Asset Pricing Experiments
    The Review of Financial Studies, 2005, 18, (3), 955-980 Downloads View citations (288)
    See also Working Paper Coordination of Expectations in Asset Pricing Experiments, Tinbergen Institute Discussion Papers (2003) Downloads (2003)
  4. Evolutionary dynamics in markets with many trader types
    Journal of Mathematical Economics, 2005, 41, (1-2), 7-42 Downloads View citations (122)
    See also Working Paper Evolutionary dynamics in markets with many trader types, CeNDEF Working Papers (2002) Downloads View citations (13) (2002)

2004

  1. The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation
    Journal of Economic Behavior & Organization, 2004, 54, (4), 453-481 Downloads View citations (59)
    See also Working Paper The Instability of a Heterogeneous Cobweb economy: a Strategy Experiment on Expectation Formation, CeNDEF Working Papers (1999) Downloads View citations (8) (1999)

2002

  1. Endogenous fluctuations under evolutionary pressure in Cournot competition
    Games and Economic Behavior, 2002, 40, (2), 232-269 Downloads View citations (88)
    See also Working Paper Endogenous Fluctuations under Evolutionary Pressure in Cournot Competition, CeNDEF Working Papers (1999) View citations (8) (1999)

2001

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

2000

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

1998

  1. CONSISTENT EXPECTATIONS EQUILIBRIA
    Macroeconomic Dynamics, 1998, 2, (3), 287-321 Downloads View citations (121)
  2. Heterogeneous beliefs and routes to chaos in a simple asset pricing model
    Journal of Economic Dynamics and Control, 1998, 22, (8-9), 1235-1274 Downloads View citations (1250)
    See also Working Paper Hetergeneous Beliefs and Routes to Chaos in a Simple Asset Pricing Model, Working papers (1996) View citations (8) (1996)
  3. On the consistency of backward-looking expectations: The case of the cobweb
    Journal of Economic Behavior & Organization, 1998, 33, (3-4), 333-362 Downloads View citations (83)
  4. Stability and complex dynamics in a discrete tatonnement model
    Journal of Economic Behavior & Organization, 1998, 33, (3-4), 395-410 Downloads View citations (16)

1997

  1. A Rational Route to Randomness
    Econometrica, 1997, 65, (5), 1059-1096 View citations (1197)
    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) Downloads View citations (2) (2001)
  2. 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 Downloads
  3. Chaotic consumption patterns in a simple2-D addiction model
    Economic Theory, 1997, 10, (1), 147-173 Downloads View citations (8)

1996

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

1995

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

1994

  1. Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand
    Journal of Economic Behavior & Organization, 1994, 24, (3), 315-335 Downloads View citations (119)

1993

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

1991

  1. Adaptive learning and roads to chaos: The case of the cobweb
    Economics Letters, 1991, 36, (2), 127-132 Downloads View citations (52)
  2. “Period three to period two” bifurcation for piecewise linear models
    Journal of Economics, 1991, 54, (2), 157-169 Downloads View citations (15)

1990

  1. Resolution of chaos with application to a modified Samuelson model
    Journal of Economic Dynamics and Control, 1990, 14, (1), 1-19 Downloads 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 (257)

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) Downloads (2017)

2014

  1. Experiments on Expectations in Macroeconomics and Finance
    A chapter in Experiments in Macroeconomics, 2014, vol. 17, pp 11-70 Downloads 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) Downloads View citations (72) (2014)

2009

  1. Bounded Rationality and Learning in Complex Markets
    Chapter 5 in Handbook of Research on Complexity, 2009 Downloads 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) Downloads View citations (4) (2007)
  2. Complexity, Evolution and Learning
    Springer

2008

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

2007

  1. A Nonlinear Structural Model for Volatility Clustering
    Springer View citations (63)
    See also Working Paper A nonlinear structural model for volatility clustering, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2005) Downloads View citations (15) (2005)

2006

  1. Heterogeneous Agent Models in Economics and Finance
    Chapter 23 in Handbook of Computational Economics, 2006, vol. 2, pp 1109-1186 Downloads View citations (640)
    See also Working Paper Heterogeneous Agent Models in Economics and Finance, Tinbergen Institute (2005) Downloads View citations (27) (2005)

2001

  1. A Rational Route to Randomness
    Chapter 16 in Growth Theory, Nonlinear Dynamics and Economic Modelling, 2001, pp 402-438 Downloads View citations (2)
    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 (1197) (1997)

Editor

  1. Journal of Economic Dynamics and Control
    Elsevier
 
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