Browsing by Author "Hommes, Cars"

UTSePress Research/Manakin Repository

Search UTSePress Research

Browse

My Account

Browsing by Author "Hommes, Cars"

Sort by: Order: Results:

  • Chiarella, Carl; He, Xuezhong; Hommes, Cars (Elsevier Science Bv, 2006)
    The use of various moving average (MA) rules remains popular with financial market practitioners. These rules have recently become the focus of a number empirical studies, but there have been very few studies of financial ...
  • Anufriev, Mikhail; Hommes, Cars; Philipse, Raoul (Springer, 2013)
    An economic environment is a feedback system, where the dynamics of aggregate variables depend on individual expectations and vice versa. The type of feedback mechanism is crucial for the aggregate outcome. Experiments ...
  • Anufriev, Mikhail; Hommes, Cars (American Economic Association, 2012)
    In recent "learning to forecast" experiments (Hommes et al. 2005), three different patterns in aggregate price behavior have been observed: slow monotonic convergence, permanent oscillations, and dampened fluctuations. We ...
  • Anufriev, Mikhail; Hommes, Cars (Springer, 2008)
    In this paper we propose an explanation of the findings of a recent laboratory market forecasting experiment. In the experiment the participants were asked to predict prices for 50 periods on the basis of past realizations. ...
  • Anufriev, Mikhail; Hommes, Cars (Cambridge University Press, 2012)
    The time evolution of aggregate economic variables, such as stock prices, is affected by market expectations of individual investors. Neoclassical economic theory assumes that individuals form expectations rationally, thus ...
  • Anufriev, Mikhail; Assenza, Tiziana; Hommes, Cars; Massaro, Domenico (Cambridge University Press, 2013)
    The recent macroeconomic literature stresses the importance of managing heterogeneous expectations in the formulation of monetary policy. We use a simple frictionless dynamic stochastic general equilibrium (DSGE) model ...
  • Chiarella, Carl; He, Xuezhong; Hommes, Cars (Elsevier Science Bv, 2006)
    Despite the pervasiveness of the efficient markets paradigm in the academic finance literature, the use of various moving average (MA) trading rules remains popular with financial market practitioners. This paper proposes ...