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Details about Cars Hommes

E-mail:
Homepage:http://www.fee.uva.nl/cendef/hommes/hommes.htm
Postal address:Department of Quantitative Economics CeNDEF University of Amsterdam Roetersstraat 11 NL-1018 WB Amsterdam The Netherlands
Workplace: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)
Tinbergen Instituut (Tinbergen Institute), (more information at EDIRC)

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Last updated 2019-04-08. Update your information in the RePEc Author Service.

Short-id: pho21


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Working Papers

2019

  1. Inflation Targeting and Liquidity Traps Under Endogenous Credibility
    Staff Working Papers, Bank of Canada Downloads View citations (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2015) Downloads View citations (7)

2018

  1. Behavioral & experimental macroeconomics and policy analysis: a complex systems approach
    Working Paper Series, European Central Bank Downloads
  2. Managing Self-organization of Expectations through Monetary Policy: a Macro Experiment
    TSE Working Papers, Toulouse School of Economics (TSE) Downloads
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) Downloads View citations (10)

2017

  1. Comparing behavioural heterogeneity across asset classes
    Working Paper, Norges Bank Downloads View citations (3)
  2. Do investors trade too much? A laboratory experiment
    Post-Print, HAL View citations (1)
    Also in Papers, arXiv.org (2015) Downloads

    See also Journal Article in Journal of Economic Behavior & Organization (2017)
  3. Fiscal consolidations and heterogeneous expectations
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group Downloads View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (2018)
  4. From self-fulfilling mistakes to behavioral learning equilibria
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
  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. Managing unanchored, heterogeneous expectations and liquidity traps
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group Downloads View citations (7)
    See also Journal Article in Journal of Economic Dynamics and Control (2019)
  7. Monetary Policy under Behavioral Expectations: Theory and Experiment
    Bank of Lithuania Working Paper Series, Bank of Lithuania Downloads View citations (9)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2015) Downloads View citations (6)

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 (1)
    See also Journal Article in Dynamic Games and Applications (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)
  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 (8)
  5. The Formation of a Core Periphery Structure in Heterogeneous Financial Networks
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (2)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2016) Downloads
    DNB Working Papers, Netherlands Central Bank, Research Department (2016) Downloads
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2014) Downloads View citations (10)

2015

  1. Booms, Busts and Behavioural Heterogeneity in Stock Prices
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (2)
    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 in Journal of Economic Dynamics and Control (2017)
  2. Bubble Formation and (In)Efficient Markets in Learning-to-Forecast and -optimise Experiments
    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 (7)

    See also Journal Article in Economic Journal (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 (6)
  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 in Journal of Evolutionary Economics (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 (5)
    See also Journal Article in Economic Inquiry (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 (1)
    See also Journal Article in Journal of Economic Behavior & Organization (2016)
  7. Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (3)
    Also in Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney (2015) Downloads View citations (9)
  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

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 (17)
    See also Chapter (2014)
  2. Identifying Booms and Busts in House Prices under Heterogeneous Expectations
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (16)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2014) Downloads View citations (16)
    DNB Working Papers, Netherlands Central Bank, Research Department (2014) Downloads View citations (21)
  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 (5)
    See also Journal Article in Journal of Economic Dynamics and Control (2015)

2013

  1. Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts
    DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) Downloads View citations (20)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2013) Downloads View citations (17)
  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 (37)
  3. Behavioral Learning Equilibria
    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 (1)

    See also Journal Article in Journal of Economic Theory (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 in Review of Behavioral Economics (2014)
  5. Individual Expectations and Aggregate Macro Behavior
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (33)
    Also in DNB Working Papers, Netherlands Central Bank, Research Department (2011) Downloads View citations (54)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2011) Downloads View citations (52)
  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 in Journal of Economic Dynamics and Control (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 (10)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2013) Downloads View citations (10)

    See also Journal Article in Journal of Economic Methodology (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 in Economic Inquiry (2017)
  2. Individual Expectations, Limited Rationality and Aggregate Outcomes
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (42)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2010) Downloads View citations (1)

    See also Journal Article in Journal of Economic Dynamics and Control (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 (4)

    See also Journal Article in European Economic Review (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 in Journal of Economic Behavior & Organization (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 in American Economic Journal: Microeconomics (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 (6)

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 in Journal of Evolutionary Economics (2013)
  2. Inflation Expectations and Stability in an Overlapping Generations Experiment with Money Creation
    DNB Working Papers, Netherlands Central Bank, Research Department Downloads
  3. 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
  4. 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 (8)
    Also in Post-Print, HAL (2010) Downloads View citations (4)

    See also Journal Article in Journal of Economic Dynamics and Control (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 (1)

    See also Journal Article in Journal of Economic Behavior & Organization (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 (14)
  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 (10)
    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 in Journal of Economic Behavior & Organization (2009)
  4. Forward and Backward Dynamics in implicitly defined Overl apping Generations Models
    Post-Print, HAL Downloads View citations (1)
  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 (2)
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW) (2008) Downloads View citations (1)

    See also Journal Article in Macroeconomic Dynamics (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 (2)
    See also Journal Article in Macroeconomic Dynamics (2012)

2008

  1. Complex Evolutionary Systems in Behavioral Finance
    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 (22)
  2. Interest Rate Rules with Heterogeneous Expectations
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (10)
  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 (2006) Downloads View citations (5)
    Working Papers, Warwick Business School, Finance Group (2006) Downloads View citations (2)
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2008) Downloads View citations (2)

    See also Journal Article in Journal of Economic Dynamics and Control (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 (3)
    See also Chapter (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 (3)
  3. Evolution of Market Heuristics
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Downloads View citations (9)

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 (4)
    See also Journal Article in Computational Economics (2008)
  2. Interacting Agents in Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
  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 (5)
    Also in Working Papers, Warwick Business School, Finance Group (2006) Downloads View citations (3)

    See also Journal Article in Journal of Economic Dynamics and Control (2009)
  5. Testing for Nonlinear Structure and Chaos in Economic Time. A Comment
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (1)

2005

  1. A Dynamic Analysis of Moving Average Rules
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (4)
    Also in 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
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney (2004) Downloads View citations (6)

    See also Journal Article in Journal of Economic Dynamics and Control (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 (12)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (38)
  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 (1)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2005) Downloads View citations (3)

    See also Journal Article in Journal of Economic Dynamics and Control (2007)
  5. Heterogeneous Agent Models in Economics and Finance
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (3)
    See also Chapter (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 (1)
  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
  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 (1)
  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
    DNB Staff Reports (discontinued), Netherlands Central Bank Downloads View citations (12)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2003) Downloads

    See also Journal Article in Review of Financial Studies (2005)
  2. 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 (8)
  3. Do hedging instruments stabilize markets?
    Computing in Economics and Finance 2004, Society for Computational Economics
  4. 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
  5. 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 (17)
    See also Journal Article in Journal of Economic Behavior & Organization (2008)
  2. Learning in Cobweb Experiments
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
    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 in Macroeconomic Dynamics (2007)
  3. Mean Reversion, Bubbles and Heterogeneous Beliefs in Stock Prices
    Computing in Economics and Finance 2003, Society for Computational Economics Downloads
  4. 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 in Journal of Mathematical Economics (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 (15)
    See also Journal Article in Journal of Economic Behavior & Organization (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 (10)
  2. Bifurcation Routes to Volatility Clustering
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (31)
  3. Consistent Expectations Equilibria and Complex Dynamics in Renewable Resource Markets
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (32)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads

    See also Journal Article in Macroeconomic Dynamics (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 (17)
    Also in Computing in Economics and Finance 2001, Society for Computational Economics (2001) View citations (14)
    Working papers, Wisconsin Madison - Social Systems (2001) Downloads View citations (9)
  5. Financial Markets as Nonlinear Adaptive Evolutionary Systems
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (46)
    Also in CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (8)

    See also Journal Article in Quantitative Finance (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
  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 (14)
  8. Stochastic Consistent Expectations Equilibria
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (2)
    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 Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) Downloads View citations (3)
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2001) View citations (1)
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2001) Downloads View citations (1)

1999

  1. Cobweb Dynamics under Bounded Rationality
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (4)
  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 in Games and Economic Behavior (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 (7)
    See also Journal Article in Journal of Economic Behavior & Organization (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 (26)

1996

  1. A Rational Route to Randomness
    Working papers, Wisconsin Madison - Social Systems View citations (21)
    See also Journal Article in Econometrica (1997)
  2. Hetergeneous Beliefs and Routes to Chaos in a Simple Asset Pricing Model
    Working papers, Wisconsin Madison - Social Systems View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (1998)

1995

  1. Investment constrained endogenous business cycles in a two-dimensional OLG model
    CEPREMAP Working Papers (Couverture Orange), CEPREMAP Downloads
  2. Rational Routes to Randomness
    Working papers, Wisconsin Madison - Social Systems View citations (17)
    Also in Working Papers, Santa Fe Institute (1995) View citations (30)

Undated

  1. Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations
    Tinbergen Institute Discussion Papers, Tinbergen Institute Downloads View citations (13)
    See also Journal Article in Macroeconomic Dynamics (2013)

Journal Articles

2019

  1. 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
  2. MONETARY AND FISCAL POLICY DESIGN AT THE ZERO LOWER BOUND: EVIDENCE FROM THE LAB
    Economic Inquiry, 2019, 57, (2), 1120-1140 Downloads
    See also Working Paper (2015)
  3. Managing unanchored, heterogeneous expectations and liquidity traps
    Journal of Economic Dynamics and Control, 2019, 101, (C), 1-16 Downloads
    See also Working Paper (2017)

2018

  1. Carl’s nonlinear cobweb
    Journal of Economic Dynamics and Control, 2018, 91, (C), 7-20 Downloads
  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 (3)
    See also Working Paper (2016)
  3. Fiscal consolidations and heterogeneous expectations
    Journal of Economic Dynamics and Control, 2018, 87, (C), 173-205 Downloads View citations (1)
    See also Working Paper (2017)

2017

  1. ANIMAL SPIRITS, HETEROGENEOUS EXPECTATIONS, AND THE AMPLIFICATION AND DURATION OF CRISES
    Economic Inquiry, 2017, 55, (1), 542-564 Downloads View citations (1)
    See also Working Paper (2012)
  2. Booms, busts and behavioural heterogeneity in stock prices
    Journal of Economic Dynamics and Control, 2017, 80, (C), 101-124 Downloads View citations (6)
    See also Working Paper (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 (8)
    See also Working Paper (2015)
  4. Do investors trade too much? A laboratory experiment
    Journal of Economic Behavior & Organization, 2017, 140, (C), 18-34 Downloads View citations (1)
    See also Working Paper (2017)
  5. Genetic algorithm learning in a New Keynesian macroeconomic setup
    Journal of Evolutionary Economics, 2017, 27, (5), 1133-1155 Downloads
    See also Working Paper (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 (4)
    See also Working Paper (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 (12)
    See also Working Paper (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 (22)
    See also Working Paper (2013)
  3. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria
    Review of Behavioral Economics, 2014, 1, (1-2), 75-97 Downloads View citations (5)
    See also Working Paper (2013)
  4. Innovate or Imitate? Behavioural technological change
    Journal of Economic Dynamics and Control, 2014, 48, (C), 308-324 Downloads View citations (12)
    See also Working Paper (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 (21)
    See also Working Paper (2010)
  2. INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS
    Macroeconomic Dynamics, 2013, 17, (02), 373-401 Downloads View citations (13)
    See also Working Paper (2009)
  3. INTEREST RATE RULES AND MACROECONOMIC STABILITY UNDER HETEROGENEOUS EXPECTATIONS
    Macroeconomic Dynamics, 2013, 17, (08), 1574-1604 Downloads View citations (28)
    See also Working Paper
  4. Learning, forecasting and optimizing: An experimental study
    European Economic Review, 2013, 61, (C), 186-204 Downloads View citations (29)
    See also Working Paper (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 (6)
  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 (10)
    See also Working Paper (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 (18)
    See also Working Paper (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 (4)
  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 (80)
    See also Working Paper (2011)
  3. IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?
    Macroeconomic Dynamics, 2012, 16, (03), 335-357 Downloads View citations (14)
    See also Working Paper (2009)
  4. Individual expectations, limited rationality and aggregate outcomes
    Journal of Economic Dynamics and Control, 2012, 36, (8), 1101-1120 Downloads View citations (63)
    See also Working Paper (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 (8)

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 (167)
    See also Working Paper (2010)

2010

  1. Does eductive stability imply evolutionary stability?
    Journal of Economic Behavior & Organization, 2010, 75, (1), 25-39 Downloads View citations (12)
    See also Working Paper (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 (11)
    See also Working Paper (2009)
  2. More hedging instruments may destabilize markets
    Journal of Economic Dynamics and Control, 2009, 33, (11), 1912-1928 Downloads View citations (66)
    See also Working Paper (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 (142)
    See also Working Paper (2006)

2008

  1. Bifurcation routes to volatility clustering under evolutionary learning
    Journal of Economic Behavior & Organization, 2008, 67, (1), 27-47 Downloads View citations (53)
    See also Working Paper (2003)
  2. E&F Chaos: A User Friendly Software Package for Nonlinear Economic Dynamics
    Computational Economics, 2008, 32, (1), 221-244 Downloads View citations (15)
    See also Working Paper (2006)
  3. Expectations and bubbles in asset pricing experiments
    Journal of Economic Behavior & Organization, 2008, 67, (1), 116-133 Downloads View citations (82)
    See also Working Paper (2002)

2007

  1. Behavioral heterogeneity in stock prices
    Journal of Economic Dynamics and Control, 2007, 31, (6), 1938-1970 Downloads View citations (222)
    See also Working Paper (2005)
  2. LEARNING IN COBWEB EXPERIMENTS
    Macroeconomic Dynamics, 2007, 11, (S1), 8-33 Downloads View citations (37)
    See also Working Paper (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 (82)
    See also Working Paper (2005)
  2. Adaptive rational equilibrium with forward looking agents
    International Journal of Economic Theory, 2006, 2, (3-4), 241-278 Downloads View citations (15)
  3. Comments on "Testing for nonlinear structure and chaos in economic time series"
    Journal of Macroeconomics, 2006, 28, (1), 169-174 Downloads View citations (7)
  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 (19)

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 (91)
  2. A strategy experiment in dynamic asset pricing
    Journal of Economic Dynamics and Control, 2005, 29, (4), 823-843 Downloads View citations (21)
  3. Coordination of Expectations in Asset Pricing Experiments
    Review of Financial Studies, 2005, 18, (3), 955-980 Downloads View citations (175)
    See also Working Paper (2004)
  4. Evolutionary dynamics in markets with many trader types
    Journal of Mathematical Economics, 2005, 41, (1-2), 7-42 Downloads View citations (81)
    See also Working Paper (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 (46)
    See also Working Paper (1999)

2002

  1. Endogenous fluctuations under evolutionary pressure in Cournot competition
    Games and Economic Behavior, 2002, 40, (2), 232-269 Downloads View citations (55)
    See also Working Paper (1999)

2001

  1. CONSISTENT EXPECTATIONS EQUILIBRIA AND COMPLEX DYNAMICS IN RENEWABLE RESOURCE MARKETS
    Macroeconomic Dynamics, 2001, 5, (02), 180-203 Downloads View citations (25)
    See also Working Paper (2001)
  2. Financial markets as nonlinear adaptive evolutionary systems
    Quantitative Finance, 2001, 1, (1), 149-167 Downloads View citations (143)
    See also Working Paper (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 (40)

1998

  1. CONSISTENT EXPECTATIONS EQUILIBRIA
    Macroeconomic Dynamics, 1998, 2, (03), 287-321 Downloads View citations (96)
  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 (823)
    See also Working Paper (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 (68)
  4. Stability and complex dynamics in a discrete tatonnement model
    Journal of Economic Behavior & Organization, 1998, 33, (3-4), 395-410 Downloads View citations (11)

1997

  1. A Rational Route to Randomness
    Econometrica, 1997, 65, (5), 1059-1096 View citations (769)
    See also Working Paper (1996)
  2. Chaotic consumption patterns in a simple2-D addiction model
    Economic Theory, 1997, 10, (1), 147-173 Downloads View citations (7)

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 (18)
  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 (93)

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 (8)

1991

  1. Adaptive learning and roads to chaos: The case of the cobweb
    Economics Letters, 1991, 36, (2), 127-132 Downloads View citations (43)
  2. “Period three to period two” bifurcation for piecewise linear models
    Journal of Economics, 1991, 54, (2), 157-169 Downloads View citations (7)

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 (8)

1989

  1. Does an Unstable Keynesian Unemployment Equilibrium in a Non-Walrasian Dynamic Macroeconomic Model Imply Chaos?
    Scandinavian Journal of Economics, 1989, 91, (1), 161-67 View citations (6)

Books

2015

  1. Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems
    Cambridge Books, Cambridge University Press
    Also in Cambridge Books, Cambridge University Press (2013) View citations (128)

Chapters

2014

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

2009

  1. Bounded Rationality and Learning in Complex Markets
    Chapter 5 in Handbook of Research on Complexity, 2009 Downloads View citations (5)
    See also Working Paper (2007)

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 (260)
    See also Working Paper (2005)

Editor

  1. Journal of Economic Dynamics and Control
    Elsevier
 
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