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Expectations driven inventory fluctuations
Hommes, Cars H. - 1994
Persistent link: https://www.econbiz.de/10000151676
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Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand
Hommes, Cars H. - In: Journal of economic behavior & organization : JEBO 24 (1994) 3, pp. 315-335
Persistent link: https://www.econbiz.de/10001169623
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On the consistency of backward looking expectations : the case of the cobweb
Hommes, Cars H. - 1996
Persistent link: https://www.econbiz.de/10000927901
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On the consistency of backward-looking expectations : the case of the cobweb
Hommes, Cars H. - In: Journal of economic behavior & organization : JEBO 33 (1998) 3, pp. 333-362
Persistent link: https://www.econbiz.de/10001337574
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Complexity, evolution and learning : empirical and experimental validation of heterogeneous expectations
Hommes, Cars H. - In: Complexity and spatial networks : in search of simplicity, (pp. 91-104). 2009
Persistent link: https://www.econbiz.de/10003908204
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Reflexivity, expectations feedback and almost self-fulfilling equilibria : economic theory, empirical evidence and laboratory experiments
Hommes, Cars H. - 2013
We discuss recent work on bounded rationality and learning in relation to Soros' principle of reflexivity and stress the empirical importance of non-rational, almost self-fulfilling equilibria in positive feedback systems. As an empirical example, we discuss a behavioral asset pricing model with...
Persistent link: https://www.econbiz.de/10010227330
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Behaviorally rational expectations and almost self-fulfilling equilibria
Hommes, Cars H. - 2013
Rational expectations assumes perfect, model consistency between beliefs and market realizations. Here we discuss behaviorally rational expectations, characterized by an observable, parsimonious and intuitive form of consistency between beliefs and realizations. We discuss three case-studies....
Persistent link: https://www.econbiz.de/10010227365
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Reflexivity, expectations feedback and almost self-fulfilling equilibria : economic theory, empirical evidence and laboratory experiments
Hommes, Cars H. - In: The journal of economic methodology 20 (2013) 4, pp. 406-419
Persistent link: https://www.econbiz.de/10010342012
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Chaos en econonomie: niet-lineaire dynamica en de gevolgen voor de verwachtingshypothese
Hommes, Cars H. - In: Tijdschrift voor politieke ekonomie 22 (2000) 2, pp. 3-31
Persistent link: https://www.econbiz.de/10001488418
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Cobweb dynamics under bounded rationality
Hommes, Cars H. - In: Optimization, dynamics, and economic analysis : essays …, (pp. 134-150). 2000
Persistent link: https://www.econbiz.de/10001497088