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Fiscal consolidations and heterogeneous expectations

Hommes, Cars H.; Lustenhouwer, Joep; Mavromatis, Kostas - In: Journal of economic dynamics & control 87 (2018), pp. 173-205

Persistent link: https://www.econbiz.de/10011973910

Carl's nonlinear cobweb

Hommes, Cars H. - In: Journal of economic dynamics & control 91 (2018), pp. 7-20

Persistent link: https://www.econbiz.de/10011974124

Public statistics and private experience : varying feedback information in a take-or-pass game

Danz, David; Huck, Steffen; Jehiel, Philippe - In: German economic review 17 (2016) 3, pp. 359-377

Persistent link: https://www.econbiz.de/10011665751

Managing unanchored, heterogeneous expectations and liquidity traps

Hommes, Cars H.; Lustenhouwer, Joep - In: Journal of economic dynamics & control 101 (2019), pp. 1-16

Persistent link: https://www.econbiz.de/10012131015

Learning, heterogeneity, and complexity in the New Keynesian model

Calvert Jump, Robert; Hommes, Cars H.; Levine, Paul - In: Journal of economic behavior & organization : JEBO 166 (2019), pp. 446-470

Persistent link: https://www.econbiz.de/10012149103

Behavioral and experimental macroeconomics and policy analysis : a complex systems approach

Hommes, Cars H. - In: Journal of economic literature 59 (2021) 1, pp. 149-219

Persistent link: https://www.econbiz.de/10012542608

Forward guidance and the role of central bank credibility under heterogeneous beliefs

Goy, Gavin; Hommes, Cars H.; Mavromatis, Kostas - In: Journal of economic behavior & organization : JEBO 200 (2022), pp. 1240-1274

Persistent link: https://www.econbiz.de/10013389405

Incentives for Boundedly Rational Agents

Basov, Suren - In: Topics in Theoretical Economics 3 (2003) 1

This paper develops a theoretical framework for analyzing incentive schemes under bounded rationality. It starts from a standard principal-agent model and then superimposes an assumption of boundedly rational behavior on the part of the agent. Boundedly rational behavior is modeled as an...

Persistent link: https://www.econbiz.de/10014589057

Incentives for Boundedly Rational Agents

Basov, Suren - In: Topics in Theoretical Economics 3 (2003) 1, pp. 1093-1093

Persistent link: https://www.econbiz.de/10005579557

Bounded rationality: static versus dynamic approaches

Basov, Suren - In: Economic Theory 25 (2005) 4, pp. 871-885

Two kinds of theories of boundedly rational behavior are possible. Static theories focus on stationary behavior and do not include any explicit mechanism for temporal change. Dynamic theories, on the other hand, explicitly model the fine-grain adjustments made by the subjects in response to...

Persistent link: https://www.econbiz.de/10005147355