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Hommes, Cars H. - 2006

Interacting agents in finance represent a behavioral, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behavior in response...

Persistent link: https://www.econbiz.de/10011348701

Herding, A-synchronous updating and heterogeneity in memory in a CBS

Diks, Cees G. H.; Weide, Roy van der - 2003

Persistent link: https://www.econbiz.de/10001884079

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2021

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...

Persistent link: https://www.econbiz.de/10012510856

Heterogeneous agent models in economics and finance

Hommes, Cars H. - 2005

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10011343261

Control without deception

Bardsley, Nicholas - 2000

Lying to participants offers an experimenter the enticing prospect ofmaking "others' behaviour" a controlled variable,but is eschewed by experimental economists because it may pollute thepool of subjects. This paper proposes andimplements a new experimental design, the Conditional...

Persistent link: https://www.econbiz.de/10011304381

Booms, busts and behavioural heterogeneity in stock prices

Hommes, Cars H.; Veld, Daan in't - 2015 - This draft: July 2015

We empirically evaluate a behavioural model with boundedly rational traders who disagree about the persistence of deviations from the fundamental stock price. Fundamentalist traders believe in mean-reversion, while chartists extrapolate trends. Agents gradually switch between the two rules,...

Persistent link: https://www.econbiz.de/10011301214

Models of individual behavior and implications for environmental policy

Bergh, Jeroen C. J. M. van den; Ferrer-i-Carbonell, Ada; … - 1998

, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy … behavioural assumptions have been most significant for the development ofeconomic valuation theory and environmental policy theory …. The focus here will be onenvironmental policy theory. …

Persistent link: https://www.econbiz.de/10011300569

Second-best congestion pricing in general static transportation networks with elastic demands

Verhoef, Erik T. - 2000

This paper studies the second-best problem where not all links of a congestedtransportation network can be tolled. The second-best tax rule for thisproblem is derived for general static networks, so that the solution presentedis valid for any graph of the network and any set of tolling points...

Persistent link: https://www.econbiz.de/10011303854

Choice behaviour and verbal behaviour : a critical assessment of their relevance for practical policy

Praag, Bernard M. S. van; Frijters, Paul - 1997

have been, used to find implicit prices, but they also have a much wider use. In theory and in practice, they can be used …

Persistent link: https://www.econbiz.de/10010371111

Identity and commitment : sen's conception of the individual

Davis, John Bryan - 2004

Persistent link: https://www.econbiz.de/10002081838

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