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The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation Author info | Abstract | Publisher info | Download info | Related research | Statistics Sonnemans, Joep
Hommes, Cars
Tuinstra, Jan
van de Velden, Henk
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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization .
Volume (Year): 54 (2004)
Issue (Month): 4 (August)
Pages: 453-481
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Handle: RePEc:eee:jeborg:v:54:y:2004:i:4:p:453-481Contact details of provider: Web page: http://www.elsevier.com/locate/jebo
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Brock, William A. & Hommes, Cars H., 1998.
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Econometrica ,
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Cars Hommes & Gerhard Sorger, 1997.
"Consistent Expectations Equilibria ,"
Tinbergen Institute Discussion Papers
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Other versions: Robert J. Shiller, 1999.
"Measuring Bubble Expectations and Investor Confidence ,"
NBER Working Papers
7008, National Bureau of Economic Research, Inc.
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Other versions: Hommes, C.H. & Sonnemans, J. & Tuinstra, J. & van de Velden, H., 1999.
"Expectation Driven Price Volatility in an Experimental Cobweb Economy ,"
CeNDEF Working Papers
99-07, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
Reinhard Selten & Michael Mitzkewitz & Gerald R. Uhlich, 1997.
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Econometrica ,
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Other versions: repec:cup:macdyn:v:2:y:1998:i:3:p:287-321 is not listed on IDEAS
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Other versions: Frankel, Jeffrey A & Froot, Kenneth A, 1987.
"Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations ,"
American Economic Review ,
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Jeffrey A. Frankel & Kenneth A. Froot, 1987.
"Using Survey Data to Test Some Standard Propositions Regarding Exchange Rate Expectations ,"
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Chiarella, Carl, 1988.
"The cobweb model: Its instability and the onset of chaos ,"
Economic Modelling ,
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Sonnemans, Joep, 2000.
"Decisions and strategies in a sequential search experiment ,"
Journal of Economic Psychology ,
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Arifovic, Jasmina, 1994.
"Genetic algorithm learning and the cobweb model ,"
Journal of Economic Dynamics and Control ,
Elsevier, vol. 18(1), pages 3-28, January.
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Theo Offerman & Jan Potters and Harry A.A. Verbon, 1999.
"Cooperation in an Overlapping Generations Experiment ,"
Tinbergen Institute Discussion Papers
99-019/1, Tinbergen Institute.
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Other versions: W. Brian Arthur & John H. Holland & Blake LeBaron & Richard Palmer & Paul Taylor, 1996.
"Asset Pricing Under Endogenous Expectation in an Artificial Stock Market ,"
Working Papers
96-12-093, Santa Fe Institute.
Hommes, Cars H., 1994.
"Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand ,"
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Smith, Vernon L & Suchanek, Gerry L & Williams, Arlington W, 1988.
"Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets ,"
Econometrica ,
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Hommes, C.H., 1999.
"Cobweb Dynamics under Bounded Rationality ,"
CeNDEF Working Papers
99-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Gunduz Caginalp & Vladimira Ilieva, 2006.
"The dynamics of trader motivations in asset bubbles ,"
Labsi Experimental Economics Laboratory University of Siena
008, University of Siena.
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Stefan Reitz & Frank Westerhoff, 2007.
"Commodity price cycles and heterogeneous speculators: a STAR–GARCH model ,"
Empirical Economics ,
Springer, vol. 33(2), pages 231-244, September.
[Downloadable!] (restricted)
Giulio Bottazzi & Giovanna Devetag & Francesca Pancotto, 2009.
"Does Volatility matter? Expectations of price return and variability in an asset pricing experiment ,"
LEM Papers Series
2009/02, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
[Downloadable!]
Other versions: Frank Westerhoff, 2004.
"The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: A behavioral finance approach ,"
Computing in Economics and Finance 2004
14, Society for Computational Economics.
[Downloadable!]
Other versions: Hommes, C.H., 2007.
"Bounded Rationality and Learning in Complex Markets ,"
CeNDEF Working Papers
07-01, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
[Downloadable!]
Frank H. Westerhoff, 2006.
"Samuelson's multiplier--accelerator model revisited ,"
Applied Economics Letters ,
Taylor and Francis Journals, vol. 13(2), pages 89-92, February.
[Downloadable!] (restricted)
Xue-Zhong He & Frank H. Westerhoff, 2004.
"Commodity Markets, Price Limiters and Speculative Price Dynamics ,"
Research Paper Series
136, Quantitative Finance Research Centre, University of Technology, Sydney.
[Downloadable!]
Other versions: John Duffy, 2004.
"Agent-Based Models and Human Subject Experiments ,"
Computational Economics
0412001, EconWPA.
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Other versions: Trond Borgersen, Dag Einar Sommervoll and Tom Wennemo, 2006.
"Endogenous Housing Market Cycles ,"
Discussion Papers
458, Research Department of Statistics Norway.
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Michael W.M. Roos & Wolfgang J. Luhan, 2008.
"As if or What? – Expectations and Optimization in a Simple Macroeconomic Environment ,"
Ruhr Economic Papers
0055, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
[Downloadable!]
Corgnet Bruce & Angela Sutan & Arvin Aashta, 2006.
"The power of words in financial markets: soft versus hard communication,a strategy method experiment ,"
Labsi Experimental Economics Laboratory University of Siena
006, University of Siena.
[Downloadable!]
Reitz, Stefan & Slopek, Ulf Dieter, 2008.
"Nonlinear oil price dynamics: a tale of heterogeneous speculators? ,"
Discussion Paper Series 1: Economic Studies
2008,10, Deutsche Bundesbank, Research Centre.
[Downloadable!]
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