The heterogeneous expectations hypothesis: Some evidence from the lab
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Publication:622229
DOI10.1016/J.JEDC.2010.10.003zbMATH Open1232.91103OpenAlexW2129642332MaRDI QIDQ622229FDOQ622229
Authors: Cars Hommes 
Publication date: 31 January 2011
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2010.10.003
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- scientific article; zbMATH DE number 2209526
Experimental studies (91A90) Rationality and learning in game theory (91A26) Heterogeneous agent models (91B69)
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Cited In (54)
- Come together: the role of cognitively biased imitators in a small scale agent-based financial market
- Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations
- Macroeconomic expectations, central bank communication, and background uncertainty: a COVID-19 laboratory experiment
- Experimental evidence of bank runs as pure coordination failures
- Learning to believe in simple equilibria in a complex OLG economy -- evidence from the lab
- Exchange rate expectations of chartists and fundamentalists
- On the external validity of experimental inflation forecasts: a comparison with five categories of field expectations
- When panic makes you blind: a chaotic route to systemic risk
- An asset pricing model with accuracy-driven evolution of heterogeneous expectations
- Behavioral learning equilibria
- Heuristic modeling of expectation formation in a complex experimental information environment
- Price dynamics in a market with heterogeneous investment horizons and boundedly rational traders
- Home biased expectations and macroeconomic imbalances in a monetary union
- The impact of interest rate policy on individual expectations and asset bubbles in experimental markets
- The bull and bear market model of Huang and Day: some extensions and new results
- Coordination on bubbles in large-group asset pricing experiments
- PQ strategies in monopolistic competition: some insights from the lab
- INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS
- Speculative asset price dynamics and wealth taxes
- Stabilizing inflation in a simple monetary policy model with heterogeneous agents
- Varieties of agents in agent-based computational economics: a historical and an interdisciplinary perspective
- Speculative behavior and the dynamics of interacting stock markets
- Learning about learning in games through experimental control of strategic interdependence
- Innovate or imitate? Behavioural technological change
- Learning in two-dimensional beauty contest games: theory and experimental evidence
- Individual expectations, limited rationality and aggregate outcomes
- Structural stochastic volatility in asset pricing dynamics: estimation and model contest
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- A laboratory experiment on the heuristic switching model
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- Animal spirits and credit cycles
- A cobweb model of land-use competition between food and bioenergy crops
- Formation of rationally heterogeneous expectations
- Booms, busts and behavioural heterogeneity in stock prices
- Forecast combination, non-linear dynamics, and the macroeconomy
- Managing monetary policy in a New Keynesian model with many beliefs types
- The behavioral economics of currency unions: economic integration and monetary policy
- Emissions trading with rolling horizons
- The New Keynesian Phillips curve with myopic agents
- Interbank loans, collateral and modern monetary policy
- A financial market model with two discontinuities: bifurcation structures in the chaotic domain
- On the role of heuristics -- experimental evidence on inflation dynamics
- Adverse effects of leverage and short-selling constraints in a financial market model with heterogeneous agents
- Interactions between the real economy and the stock market: a simple agent-based approach
- Experimental evidence on inflation expectation formation
- Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach
- Best response dynamics with level-\(n\) expectations in two-stage games
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