Journal of the Econometric Society, , Journal of Economic dynamics and Control 22 , , Handbook of computational economics 2, , Journal of Economic dynamics and control 31 6 , , The Review of Financial Studies 18 3 , , Journal of Economic dynamics and control 35 1 , , Journal of Economic dynamics and control 33 5 , , Journal of Mathematical Economics 41 , , Handbook of financial markets: Dynamics and evolution, , Journal of Economic Dynamics and Control 33 11 , , Journal of Economic Dynamics and Control 30 , , Proceedings of the National Academy of Sciences 99 suppl 3 , , In the preface, Hommes states that the book, indeed, is based on material that was used in teaching a course on nonlinear economic dynamics over many years.
Dynamic models in Economics and Finance
The book is divided into 8 chapters. The opening chapter introduces the topic, summarizes the rest of the book in an excellent way and clarifies the basic framework.
The second and third chapters introduce the important mathematical foundations for treating nonlinear dynamics. More precisely, the second chapter focuses on one-dimensional nonlinear dynamic systems, while the third chapter presents two-dimensional variants of such systems. By dealing with various forms of stability, chaos and many bifurcations, these chapters cover the most important tools for nonlinear dynamics for researchers and policy makers. In chapter 4, Hommes discusses to which extent different forms of homogeneous expectations have an impact on the dynamics in the nonlinear Cobweb model.
- Cars Hommes - Google Scholar Citations!
- Learn Italian Vocabulary - English/Italian Flashcards - Clothing (Flashcard eBooks);
- Dedicated to the Soul/Sole Good of Humanity;
- Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems | INEXC?
While in chapter 4, a closer outlook at models with homogenous agents and alternative forms of building expectations are considered, chapter 5 investigates the case of heterogeneous expectations. Based on Brock and Hommes , a framework for switching between rules to form expectations that are based on evolvement and reinforcement learning is introduced.
Furthermore, this chapter focuses on interactions between rules of heterogeneous expectations as well as the macro outcome resulting from such interactions. Methods and Applications of Linear Models. Generalized, Linear, and Mixed Models. Econometric Methods with Applications in Business and Economics. Deterministic and Stochastic Topics in Computational Finance. An Undergraduate Introduction to Financial Mathematics. State Estimation in Chemometrics.
Behavioral rationality and heterogeneous expectations in complex economic systems
Probability and Statistics for Finance. An Introduction to Wavelet Theory in Finance. A First Course in Quantitative Finance. Handbook of Financial Markets: Statistics for Long-Memory Processes.
Duplicate citations
Longitudinal Data with Serial Correlation. New Statistical Procedures for the Social Sciences. Statistics and Probability Theory. Copulae and Multivariate Probability Distributions in Finance.
New Mathematical Advances in Economic Dynamics. Theory and Methods - II. McGraw-Hill's Microeconomics Questions: Ace Your College Exams. Handbook of Computational Finance.
Dynamic models in Economics and Finance
Planning Training and Development. The Routledge Companion to Network Industries. Innovative Trend Methodologies in Science and Engineering. Finite Sample Analysis in Quantum Estimation. Choice, Preferences, and Procedures.