Similar Search Results

Animal spirits, heterogeneous expectations and the emergence of booms and busts

Assenza, Tiziana; Brock, William A.; Hommes, Cars H. - 2013

We introduce a simple equilibrium model of a market for loans, where house- holds lend to firms based on heterogeneous expectations about their loan default probability. Agents select among heterogeneous expectation rules, based upon their relative performance. A small fraction of pessimistic...

Persistent link: https://www.econbiz.de/10010227354

Evolutionary dynamics in markets with many trader typer

Brock, William A.; Hommes, Cars H.; Wagener, Florian … - In: Journal of mathematical economics 41 (2005) 1/2, pp. 7-42

Persistent link: https://www.econbiz.de/10002642232

Evolutionary dynamics in financial markets with many trader types

Brock, William A. (contributor); Hommes, Cars H. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001605391

Rational animal spirits

Brock, William A.; Hommes, Cars H. - In: The theory of markets : [proceedings of the Colloquium …, (pp. 109-137). 1999

Persistent link: https://www.econbiz.de/10001509023

Rational animal spirits

Brock, William A.; Hommes, Cars H. - 1998

Persistent link: https://www.econbiz.de/10001353412

Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts

Assenza, Tiziana - 2013

We introduce a simple equilibrium model of a market for loans, where households lend to firms based on heterogeneous expectations about their loan default probability. Agents select among heterogeneous expectation rules, based upon their relative performance. A small fraction of pessimistic...

Persistent link: https://www.econbiz.de/10013071540

Animal spirits, heterogeneous expectations and the emergence of booms and busts

Assenza, Tiziana; Brock, William A.; Hommes, Cars H. - 2013 - This draft: December, 2013

Persistent link: https://www.econbiz.de/10011774123