Photographer: FEB

Prof. C.H. (Cars) Hommes


  • Faculty of Economics and Business
    Section Quantitative Economics
  • Visiting address
    REC E
    Roetersstraat 11  Amsterdam
    Room number: 3.56
  • Postal address:
    Postbus  15867
    1001 NJ  Amsterdam
  • C.H.Hommes@uva.nl
    T: 0205254246
    T: 0205254252

Positions

Curriculum Vitae

Recent research grants

A list of projects and research grants can be viewed here

Education

  • PhD in Mathematical Economics, University of Groningen, 1991. 
  • MSc in Mathematics, University of Groningen, 1985 

Current Research Interests

Complex systems; bounded rationality; expectation formation and learning; heterogeneous agent modelling; bifurcations and chaos; evolutionary finance; behavioural macroeconomics; laboratory macroexperiments. 

 

Response letter Financial complexity: regulating regulation and accounting for fraud.

Battiston, S., Farmer, J.D., Flache, A., Garlaschelli, D., Haldane, A.G., Heesterbeek, H., Hommes, C.H., Jaeger, C., May, R. & Scheffer, M. (2016),

Financial complexity: regulating regulation and accounting for fraud

Recent Science paper on Complexity theory and financial regulation

Battiston, S., Farmer, J.D., Flache, A., Garlaschelli, D., Haldane, A.G., Heesterbeek, H., Hommes, C.H., Jaeger, C., May, R. & Scheffer, M. (2016),

Complexity theory and financial regulation. Economic policy needs interdisciplinary network analysis and behavioral modeling, Science 351, 6275, 818-819

My Recent Book "Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems " Published by Cambridge University Press 2013. The pdf file of the introductory chapters can be downloaded here.

Recent Interview by Perry Mehrling for the Institute for New Economic Thinking

Interview in: Barkley Rosser, Jr., J., Holt, R.P.F. and Colander, D. (Eds.), "European Economics at a Crossroads". 

Cars Hommes in VPRO’s "Labyrint." on February 15, 2012. 

Co-authors include:  

William A. Brock , University of Wisconsin 
John Duffy , University of Pittsburgh 
Doyne Farmer , Santa Fe Institute 
Marco Gallegati , Politechnic University of Marche 
Andrea Gaunersdorfer , University of Vienna 
Alan Kirman , GREQAM, Marseille 
Barkley Rosser Jr. , James Madison University 
Joep Sonnemans , University of Amsterdam 
Gerhard Sorger , University of Vienna 

 

Recent Surveys:

  • Assenza, T., Bao, T., Hommes, C.H. and Massaro, D. (2014), Experiments on expectations in macroecono-mics and finance, In: Duffy, J. (Eds.), Research in Experimental Economics, Volume 17, Emerald Press.
  • Hommes, C.H. (2014), Behaviorally rational expectations and almost self-fulfilling equilibria, Review of Behavioral Economics 1 (inaugural issue), 75-97.
  • Hommes, C.H. (2013), Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments, Journal of Economic Methodology special issue on Reflexivity and Economics: George Soros’ Theory of Reflexivity and the Methodology of Economic Science, 406-419.
  • Farmer, J.D., Gallegati, M., Hommes, C., Kirman, A., Ormerod, P., Cincotti, S., Sanchez, A. and Helbing, D. (2012), A complex systems approach to constructing better models for managing financial markets and the economy, European Physcial Journal 214, 295-324.
  • Hommes, C.H., (2011), The heterogeneous expectations hypothesis: some evidence from the lab, Journal of Economic Dynamics and Control 35, 1-24.

 

Editorial boards

Editor: 

  • Journal of Economic Dynamics & Control (2002-2012) 

Associate Editor:

  • Macroeconomic Dynamics (1997-);
  • Computational Economics (1998 -);
  • Journal of Economic Behaviour & Organization (2004-2012);
  • Journal of Nonlinear Science (1999-2013);
  • Quantitative Finance (2000-2004);
  • Journal of Economic Interaction and Coordination (2006-);
  • Complexity Economics (2012-) 

Honorary Editor

  • Review of Behavioral Economics (2014-)

MPhil Courses Tinbergen Institute 

TI126 Behavioral Macroeconomics 

Lecturers: Prof. C.H. Hommes (UvA) 

Period: Block I, September & October 2014 

Short subject description: 

The leading paradigm in macroeconomics assumes that economic agents (households, firms, investors) are perfectly rational in making their decisions. Experimental evidence and common sense indicate that this assumption is often too demanding. This course focuses on the analysis of macroeconomic models under “bounded” rationality, where agents violate full rationality but behave more in accordance with experimental evidence. 

Course content: 

• Animal spirits and boom and bust cycles 

• Bounded rationality and adaptive learning 

• Complex dynamics, chaos and bifurcations 

• Heterogeneous expectations and evolution in asset pricing and macroeconomic models 

• Macro laboratory experiments 

• Monetary policy and asset prices under bounded rationality

TI127 Complexity and Behavior

Lecturer: Prof. C.H. Hommes (UvA) and Dr. H. Houba (VU) 

Period: Block V: May & June 2015 

Short subject description: 

The leading paradigm in economic theory assumes that all economic agents (households, firms, investors) are perfectly rational in making their decisions. This leads to the standard representative rational agent model. In this course we consider the economy as a complex system with interacting boundedly rational heterogeneous agents. A central question will be: which emerging aggregate macro behavior arises through the interactions of individual decisions of boundedly rational heterogeneous agents at the micro level? 

Course content: 

• Introduction to complex dynamics, chaos and bifurcations 

• Animal spirits and boom and bust cycles 

• Adaptive expectations, learning and heterogeneous expectations 

• Contagion and the evolution of trust 

• Agent-based models 

• Macro laboratory experiments

Nonlinear Economic Dynamics (MSc Econometrics)

In 2015/2016 this course will be taught by Dr. Isabelle Salle.

Literature: C.H. Hommes, Behavioral rationality and heterogeneous expectations in complex economic systems, Cambridge University Press, 2013.  

 

NWO Complexity: Understanding financial instability through complex systems

Academic staff: dr. Marco van der Leij (postdoc), MSc Daan in 't Veld (PhD student)
The goal of the project is to understand the financial markets as complex dynamic systems, where large structural changes are critical transitions between different possible regimes of the system, instead of being caused by exogenous shocks. This joint work with Dutch Central Bank (De Nederlandsche Bank) aims at closing the theoretical gap of complex financial instability, which has important policy implications for evaluating and identifying potential threats to the existing markets. The means of the project include extensive theoretical work on complex financial models and experimental tests to the theoretical results. 

EU FP7 Projects

I.  EU FP7 CRISIS (Complexity Research Initiative for Systemic Instabilities)

Academic staff: dr. Domenico Massaro (postdoc)

The goal of the CRISIS project is to develop a pair of coupled agent-based modelsof the European economy, one for the financial system and one for themacro-economy. The agent-based approach to modeling looks at the economy from abottom-up perspective, modeling individual households, firms, and financial institutionsand the interaction networks that connect them. The project is explicitlydesigned to provide an integrated view of the financial system and themacro-economy, and to yield insights on the two-way interactions andtransmissions mechanisms between the two.  The role of CeNDEF UvA withinthe project is to run laboratory experiments to calibrate the agentdecision-making. These experiments will study the interaction of behavioralrules and the emergent aggregate phenomena they co-create in complex nonlinearmacro- and financial feedback systems. Examples of experiments includelarge-scale learning-to-forecast experiments and "crisis" laboratoryexperiments involving policy makers.

Webpage: http://www.crisis-economics.eu

II. EU FP7 RastaNEws (Macro-Risk Assessment and Stabilization Policies with New Early Warning Signals)

Academic staff: to be hired

The goal of theproject is to design a framework for a revised economic governance within theEU. The main directions of research will be: Financial markets as complexsystems driven by heterogeneous expectations; Macroeconomics beyond thetraditional dichotomy between short and long run; Limited asset marketparticipation and the interaction of fiscal and monetary policies in a currencyunion; Early warning indicators within the EMU surveillance mechanism. The roleof CeNDEF UvA within the project is to explore the properties (and exploit themfor policy design) of macroeconomic models with heterogeneous behavioral rulesand in particular with heterogeneous expectations. A special focus will be onthe consequences of expectational heterogeneity for the transmission andeffectiveness of monetary as well as fiscal policies. 

INET Grants

I. HexFiCs

 Academic staff:dr. Te Bao (postdoc)

CeNDEF UvA participates in two INETproject, which will result in two papers published In a peer-reviewed journal:

a) Experimental investigation ofthe housing market: Despite its obvious importance in the modern economy and itsrole in the latest financial crisis, experimental literature on the housingmarket is surprisingly scarce. The goal of this project is to conduct anexperiment, which would evaluate how the elasticity of supply is linked withthe possibility of occurrence and then the span of a bubble on the housingmarket. This is by now the most mature experimental design for this topic, andthe experiment itself can be easily extended for complex settings such as ahousing market within a DSGE economy.

b) Financial derivatives and risk:Financial derivatives are increasingly important in the modern financialmarkets. Traditional theory would claim that they are either neutral orbeneficial to the economy by allowing the economic agents to hedge the risk.Nevertheless the experience with the financial markets in the past two decadessuggests that some derivatives can be poisonous, as they create incentives foroverly risky investments. The goal of this project is to conduct an experimentwhich would directly test this issue. The specific design of the experiment isto compare the behavior of the experimental subjects who act in the financialmarkets with and without the risk hedging possible option.

Webpage: http://ineteconomics.org/grants/heterogeneous-expectations-and-financial-crises

II. INEXC

Academic staff: dr. Te Baom (postdoc)

The goal of the multinational INEXC projectis to coordinate the research and development of theories that could serve as arealistic alternative to the rational expectations hypothesis. Such analternative is crucial for the policy-makers, in order to evaluate marketregulations and their power in avoiding financial bubbles such as the one thattriggered the latest economic crisis. The role of CeNDEF UvAF in the project isthe experimental validation of coordination of heterogeneous expectations. Inparticular, we will focus on using laboratory experiments with human subjectsto study expectation coordination and to validate different expectationshypotheses and learning models.

Webpage: http://www.expectational-coordination.com/nodes/amsterdam/ 

Experimental Data

This page includes experimental data related to and analyzed in the following papers:

Data for Recent Experiments:

Positive and Negative Feedback Markets with Shocks

Bao, T., Hommes, C., Sonnemans, J. & Tuinstra, J. (2012), Individual expectations, limited rationality and aggregate outcomes, Journal of Economic Dynamics and Control 36, 1101-1120.  (Download the Excel Data)

Positive and Negative Feedback Markets with Constant Fundamentals

Heemeijer, P., Hommes, C.H., Sonnemans, J., and Tuinstra, J., Price stability  and volatility in markets with positive and negative expectations feedback: an experimental investigation, Journal of Economic Dynamics and Control, 2009, 33, 1052-1072. (Downloadthe Excel Data)

Data for Earlier Experiments:

Individual Cobweb Experiment

Hommes, C.H., Sonnemans, J. and Velden, H. van de, (2000), Expectation Formation in a Cobweb Economy: some one Person Experiments, In: Delli Gatti, D., Gallegati, M., and Kirman, A.P. (Eds.) Interaction and Market Structure, Springer Verlag Berlin (2000), 253-266.

Group Cobweb Experiment

Hommes, C.H., Sonnemans, J., Tuinstra, J. and Velden, H. van de, (2007), Learning in cobweb experiments, Macroeconomic Dynamics 11, S1, 8-33.

Group Asset Pricing Experiment

Hommes, C.H., Sonnemans, J., Tuinstra, J. and Velden, H. van de, (2005), Coordination of expectations in asset pricing experiments, Review of Financial Studies 18, 955-980.

All these experiments are ``learning to forecast experiments''. The 2000 and 2007 papers deal with cobweb experiments, while the 2005 deal with asset pricing experiments. The 2000 study is the only one dealing with individual experiments, while the other two deal with group experiments, with each group consisting of 6 individuals.

The Data can be downloaded here as a csv file, which can be openned in Microft Excel. 

The detailed descrition of the data can be found here in a txt file. 

2017

  • Assenza, T., Brock, W. A., & Hommes, C. H. (2017). ANIMAL SPIRITS, HETEROGENEOUS EXPECTATIONS, AND THE AMPLIFICATION AND DURATION OF CRISES. Economic Inquiry, 55(1), 542-564. DOI: 10.1111/ecin.12367 [details]
  • Bao, T., Hommes, C. H., & Makarewicz, T. A. (2017). Bubble formation and (in)efficient markets in learning-to-forecast and -optimize experiments. Economic Journal[details]
  • Hommes, C. H. (2017). From self-fulfilling mistakes to behavioral learning equilibria. In K. Nishimura, A. Venditti, & N. C. Yannelis (Eds.), Sunspots and nonlinear dynamics: Essays in honor of Jean-Michel Grandmont. (pp. 97-123). (Studies in Economic Theory; Vol. 31). Springer-Verlag. [details]

2016

  • Agliari, A., Hommes, C. H., & Pecora, N. (2016). Path dependent coordination of expectations in asset pricing experiments: a behavioral explanation. Journal of Economic Behavior & Organization, 121, 15-28. DOI: 10.1016/j.jebo.2015.11.001 [details] [PDF]
  • Battiston, S., Farmer, D., Flache, A., Garlaschelli, D., Haldane, A., Heesterbeek, H., ... Scheffer, M. (2016). Response. Science, 352(6283), 302. DOI: 10.1126/science.352.6283.302 [details]
  • Battiston, S., Farmer, J. D., Flache, A., Garlaschelli, D., Haldane, A. G., Heesterbeek, H., ... Scheffer, M. (2016). Complexity theory and financial regulation: economic policy needs interdisciplinary network analysis and behavioral modeling. Science, 351(6275), 818-819. DOI: 10.1126/science.aad0299 [details]

2015

  • Assenza, T., Grazzini, J., Hommes, C., & Massaro, D. (2015). PQ strategies in monopolistic competition: some insights from the lab. Journal of Economic Dynamics & Control, 50, 62-77. DOI: 10.1016/j.jedc.2014.08.017 [details]
  • Hommes, C., & Iori, G. (2015). Introduction special issue crises and complexity. Journal of Economic Dynamics & Control, 50, 1-4. DOI: 10.1016/j.jedc.2014.09.026 [details] [PDF]

2014

  • Assenza, T., Bao, T., Hommes, C., & Massaro, D. (2014). Experiments on expectations in macroeconomics and finance. In J. Duffy (Ed.), Experiments in macroeconomics. (pp. 11-70). (Research in experimental economics: a research annual; No. 17). Bingley: Emerald. DOI: 10.1108/S0193-230620140000017002 [details]
  • Hommes, C. H. (2014). Behaviorally rational expectations and almost self-fulfilling equilibria. Review of Behavioral Economics, 1(1-2), 75-97. DOI: 10.1561/105.00000004 [details] [PDF]
  • Hommes, C., & Zeppini, P. (2014). Innovate or imitate? Behavioural technological change. Journal of Economic Dynamics & Control, 48, 308-324. DOI: 10.1016/j.jedc.2014.08.005 [details]
  • Hommes, C., & Zhu, M. (2014). Behavioral learning equilibria. Journal of Economic Theory, 150, 778-814. DOI: 10.1016/j.jet.2013.09.002 [details / files]

2013

  • Anufriev, M., Assenza, T., Hommes, C., & Massaro, D. (2013). Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations. Macroeconomic Dynamics, 17(8), 1574-1604. DOI: 10.1017/S1365100512000223 [details]
  • Anufriev, M., Hommes, C. H., & Philipse, R. H. S. (2013). Evolutionary selection of expectations in positive and negative feedback markets. Journal of Evolutionary Economics, 23(3), 663-688. DOI: 10.1007/s00191-011-0242-4 [details]
  • Bao, T., Duffy, J., & Hommes, C. (2013). Learning, forecasting and optimizing: an experimental study. European Economic Review, 61, 186-204. DOI: 10.1016/j.euroecorev.2013.04.003 [details]
  • Diks, C., Hommes, C., & Zeppini, P. (2013). More memory under evolutionary learning may lead to chaos. Physica A : Statistical Mechanics and its Applications, 392(4), 808-812. DOI: 10.1016/j.physa.2012.10.045 [details]
  • Hommes, C. H. (2013). Behavioral rationality and heterogeneous expectations in complex economic systems. Cambridge: Cambridge University Press. [details]
  • Hommes, C. (2013). Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments. Journal of Economic Methodology, 20(4), 406-419. DOI: 10.1080/1350178X.2013.859426 [details] [PDF]
  • Hommes, C., & Lux, T. (2013). Individual expectations and aggregate behavior in learning-to-forecast experiments. Macroeconomic Dynamics, 17(2), 373-401. DOI: 10.1017/S1365100511000162 [details] [PDF]
  • Hommes, C., Sorger, G., & Wagener, F. (2013). Consistency of linear forecasts in a nonlinear stochastic economy. In G. I. Bischi, C. Chiarella, & I. Sushko (Eds.), Global analysis of dynamic models in economic and finance: essays in honour of Laura Gardini. (pp. 229-287). Berlin: Springer. DOI: 10.1007/978-3-642-29503-4_10 [details] [PDF]
  • Hüsler, A., Sornette, D., & Hommes, C. H. (2013). Super-exponential bubbles in lab experiments: evidence for anchoring over-optimistic expectations on price. Journal of Economic Behavior & Organization, 92, 304-316. DOI: 10.1016/j.jebo.2013.06.005 [details] [PDF]

2012

  • Anufriev, M., & Hommes, C. H. (2012). Evolution of market heuristics. Knowledge Engineering Review, 27(Special Issue 02), 255-271. DOI: 10.1017/S0269888912000161 [details]
  • Anufriev, M., & Hommes, C. (2012). Evolutionary selection of individual expectations and aggregate outcomes in asset pricing experiments. American Economic Journal. Microeconomics, 4(4), 35-64. DOI: 10.1257/mic.4.4.35 [details]
  • Bao, T., Hommes, C. H., Sonnemans, J., & Tuinstra, J. (2012). Individual expectations, limited rationality and aggregate outcomes. Journal of Economic Dynamics & Control, 36(8), 1101-1120. DOI: 10.1016/j.jedc.2012.03.006 [details]
  • Boswijk, P., Griffioen, G., & Hommes, C. (2012). Success and failure of technical analysis in the cocoa futures market. In C. Kyrtsou, & C. Vorlow (Eds.), Progress in financial markets research. (pp. 25-70). (Financial institutions and services). New York: Nova Science. [details]
  • Heemeijer, P., Hommes, C. H., Sonnemans, J., & Tuinstra, J. (2012). An experimental study on expectations and learning in overlapping generations models. Studies in Nonlinear Dynamics and Econometrics, 16(4), [1]. DOI: 10.1515/1558-3708.1944 [details] [PDF]
  • Hommes, C. H., & Ochea, M. I. (2012). Multiple equilibria and limit cycles in evolutonary games with Logit Dynamics. Games and Economic Behavior, 74(1), 434-441. DOI: 10.1016/j.geb.2011.05.014 [details] [PDF]
  • Hommes, C. H., Kiseleva, T., Kuznetsov, Y., & Verbic, M. (2012). Is more memory in evolutionary selection (de)stabilizing? Macroeconomic Dynamics, 16(3), 335-357. DOI: 10.1017/S136510051000060X [details] [PDF]
  • Cincotti, S., Sornette, D., Treleaven, P., Battiston, S., Caldarelli, G., Hommes, C. H., & Kirman, A. (2012). An economic and financial exploratory. The European Physical Journal - Special Topics, 214(1), 361-400. DOI: 10.1140/epjst/e2012-01699-6 [details / files]
  • Farmer, J. D., Gallegati, M., Hommes, C. H., Kirman, A., Ormerod, P., Cincotti, S., ... Helbing, D. (2012). A complex systems approach to constructing better models for managing financial markets and the economy. The European Physical Journal - Special Topics, 214(1), 295-324. DOI: 10.1140/epjst/e2012-01696-9 [details] [PDF]

2011

2010

  • Hommes, C., & Wagener, F. (2010). Does eductive stability imply evolutionary stability? Journal of Economic Behavior & Organization, 75(1), 25-39. DOI: 10.1016/j.jebo.2010.03.001 [details]

2009

  • Heemeijer, P., Hommes, C., Sonnemans, J., & Tuinstra, J. (2009). Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation. Journal of Economic Dynamics & Control, 33(5), 1052-1072. DOI: 10.1016/j.jedc.2008.09.009 [details]
  • Hommes, C. H. (2009). Bounded rationality and learning in complex markets. In J. Barkely Rosser Jr (Ed.), Handbook Of Research On Complexity. (pp. 87-123). Cheltenham: Edward Elgar. [details]
  • Hommes, C. (2009). Complexity, evolution and learning: empirical and experimental validation of heterogeneous expectations. In A. Reggiani, & P. Nijkamp (Eds.), Complexity and Spatial Networks: In Search of Simplicity. (pp. 91-104). Berlin: Springer Verlag. [details]
  • Hommes, C., & Wagener, F. (2009). Complex evolutionary systems in behavorial finance. In K. R. Schenk-Hoppé, & T. Hens (Eds.), Handbook of financial markets: Dynamics and evolution. (pp. 217-276). Amsterdam: North-Holland / Elsevier. [details]
  • Brock, W. A., Hommes, C. H., & Wagener, F. O. O. (2009). More hedging instruments may destabilize markets. Journal of Economic Dynamics & Control, 33(11), 1912-1928. DOI: 10.1016/j.jedc.2009.05.004 [details]
  • Gardini, L., Hommes, C., Tramontana, F., & de Vilder, R. (2009). Forward and backward dynamics in implicitly defined overlapping generations models. Journal of Economic Behavior & Organization, 71(2), 110-129. DOI: 10.1016/j.jebo.2008.09.010 [details]

2008

  • Anufriev, M., & Hommes, C. (2008). Evolutionary switching between forecasting heuristics: an explanation of an asset pricing experiment. In K. Schrdelseker, & F. Hauser (Eds.), Complexity and Artificial Markets. (pp. 41-53). (Lecture Notes in Economics and Mathematical Systems; No. 614). Springer. [details]
  • Diks, C., Hommes, C., Panchenko, V., & van der Weide, R. (2008). E&F Chaos: a user friendly software package for nonlinear economic dynamics. Computational Economics, 32(1-2), 221-244. DOI: 10.1007/s10614-008-9130-x [details]
  • Hommes, C. (2008). Interacting agents in finance. In S. N. Durlauf, & L. E. Blume (Eds.), The New Palgrave Dictionary of Economics. - 2nd ed. - Vol. 4. (pp. 402-406). Basingstoke: Palgrave Macmillan. [details] [PDF]
  • Hommes, C., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2008). Expectations and bubbles in asset pricing experiments. Journal of Economic Behavior & Organization, 67(1), 116-133. DOI: 10.1016/j.jebo.2007.06.006 [details] [PDF]
  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2008). Bifurcation routes to volatility clustering under evolutionary learning. Journal of Economic Behavior & Organization, 67(1), 27-47. DOI: 10.1016/j.jebo.2007.07.004 [details] [PDF]

2007

  • Boswijk, H. P., Hommes, C. H., & Manzan, S. (2007). Behavioral heterogeneity in stock prices. Journal of Economic Dynamics & Control, 31(6), 1938-1970. DOI: 10.1016/j.jedc.2007.01.001 [details]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2007). Learning in cobweb experiments. Macroeconomic Dynamics, 11(S1), 8-33. DOI: 10.1017/S1365100507060208 [details / files]
  • Gaunersdorfer, A., & Hommes, C. H. (2007). A nonlinear structural model for volatility clustering. In G. Teyssiere, & A. Kirman (Eds.), Long memory in economics. (pp. 265-288). Springer Verlag. [details]

2006

  • Hommes, C. H. (2006). Heterogeneous Agent Models In Economics and Finance. In L. Tesfatsion, & K. L. Judd (Eds.), Agent-based Computational Economics. (pp. 1109-1186). (Handbook of Computational Economics; No. vol.2). Amsterdam: Elsevier Science. [details]
  • Hommes, C. H., & Manzan, S. (2006). Comments on "Testing for nonlinear structure and chaos in economic time series". Journal of Macroeconomics, 28, 169-174. DOI: 10.1016/j.jmacro.2005.10.012 [details]
  • Brock, W., Dindo, P., & Hommes, C. (2006). Adaptive rational equilibrium with forward looking agents. International Journal of Economic Theory, 2(3-4), 241-278. DOI: 10.1111/j.1742-7363.2006.0035.x [details]
  • Chiarella, C., He, X. Z., & Hommes, C. H. (2006). A dynamic analysis of moving average rules. Journal of Economic Dynamics & Control, 30(9-10), 1729-1753. DOI: 10.1016/j.jedc.2005.08.014 [details]
  • Chiarella, C., He, X. Z., & Hommes, C. H. (2006). Moving average rules as a source of market instability. Physica A : Statistical Mechanics and its Applications, 370(1), 12-17. DOI: 10.1016/j.physa.2006.04.026 [details]

2005

  • Hommes, C. H. (2005). Heterogeneous agent models: two simple examples. In M. Lines (Ed.), Nonlinear Dynamical Systems in Economics, CISM Lecture Notes Series. (pp. 131-164). Vienna-New York: Springer-Verlag. [details]
  • Hommes, C. H., Huang, H., & Wang, D. (2005). A robust rational route to randomness in a simple asset pricing model. Journal of Economic Dynamics & Control, 29(6), 1043-1072. DOI: 10.1016/j.jedc.2004.08.003 [details]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2005). A strategy experiment in dynamic asset pricing. Journal of Economic Dynamics & Control, 29(4), 823-843. DOI: 10.1016/j.jedc.2003.11.006 [details]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2005). Coordination of expectations in asset pricing experiments. The Review of Financial Studies, 18(3), 955-980. DOI: 10.1093/rfs/hhi003 [details]
  • Hommes, C. (2005). Economic System Dynamics. In A. Scott (Ed.), Encyclopedia of Nonlinear Science. (pp. 245-248). New York: Routledge. [details]
  • Brock, W. A., Hommes, C. H., & Wagener, F. O. O. (2005). Evolutionary dynamics in markets with many trader types. Journal of mathematical economics, 41(1/2), 7-42. DOI: 10.1016/j.jmateco.2004.02.002 [details]

2004

  • Goeree, J. K., Hommes, C. H., & Weddepohl, H. N. (2004). Stability and complex dynamics in a discrete tâtonnement model. In J. Barkley Rosser Jr. (Ed.), Complexity in Economics Volume I. Methodology, interacting agents and microeconomic models. (pp. 390-405). Cheltenham, Northhampton: Edward Elgar Publishing. [details]
  • Hommes, C. H. (2004). Economic Dynamics. In A. Scott (Ed.), Encyclopedia of Nonlinear Science. London: Routledge. [details]
  • Hommes, C. H., & Sorger, G. (2004). Consistent expectations equilibria. In J. Barkley Rosser Jr. (Ed.), Complexity in Economic Volume I. Methodology, interacting agents and microeconomic models. (pp. 260-294). Cheltenham, Northhampton: Edward Elgar Publishing. [details]
  • Sonnemans, J. H., Hommes, C. H., Tuinstra, J., & van de Velden, H. (2004). The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation. Journal of Economic Behavior & Organization, 54(4), 453-481. DOI: 10.1016/j.jebo.2003.02.004 [details]
  • Brock, W. A., & Hommes, C. H. (2004). A rational route to randomness. In J. Barkley Rosser Jr. (Ed.), Complexity in Economics Volume I. Methodology, interacting agents and microeconomic models. (pp. 166-202). Cheltenham, Northhampton: Edward Elgar Publishing. [details]

2002

  • Hommes, C. H. (2002). Modeling the stylised facts in finance through simple nonlinear adaptive systems. In Proceedings National Academy of Sciences (PNAS). (Vol. 99, pp. 7221-7228) [details]
  • Hommes, C. H. (2002). Modeling the stylized facts in finance through simple nonlinear adaptive systems. Proceedings of the National Academy of Sciences of the United States of America, 99, 7221-7228. DOI: 10.1073/pnas.082080399 [details]
  • Hommes, C. H., Ramer, R., & Withagen, C. (2002). Equilibrium markets and dynamics: essays in honour of Claus Weddepohl. Berlin: Springer. [details]
  • Brock, W. A., & Hommes, C. H. (2002). Heterogeneous beliefs and routes to complex dynamics in asset pricing models with price contingent contracts. In C. H. Hommes, R. Ramer, & C. Withagen (Eds.), Equilibrium, markets and dynamics : essays in honour of Claus Weddepohl. (pp. 245-265). Berlin: Springer. [details]
  • Droste, E., Hommes, C. H., & Tuinstra, J. (2002). Endogenous Fluctuations under Evolutionary Pressure in Cournot competition. Games and Economic Behavior, 40, 232-269. DOI: 10.1016/S0899-8256(02)00001-5 [details]

2001

  • Hommes, C. H. (2001). Financial markets as complex adaptive evolutionary systems. Quantitative Finance, 1, 149-167. [details]
  • Hommes, C. H., & Rosser Jr, J. B. (2001). Consistent expectations equilibria and complex dynamics in renewable resource markets. Macroeconomic Dynamics, 5, 180-203. DOI: 10.1017/S1365100501019034 [details]
  • Gaunersdorfer, A., & Hommes, C. H. (2001). Nonlinear adaptive beliefs and the dynamics of financial markets: the role of the evolutionary fitness measure. In G. Dorffner, H. Bischof, & K. Hornik (Eds.), Artificial Neural Networks - ICANN 2001. (pp. 782-789). Berlin: Springer Verlag. [details / files]

2000

  • Hommes, C. H. (2000). Chaos en economie. Nieuw Archief voor Wiskunde, 5/1(4), 356-366. [details]
  • Hommes, C. H. (2000). Cobweb Dynamics under Bounded Rationality. In E. J. Dockner, & et al (Eds.), Optimization, Dynamics, and Economic Analysis - Essays in honor of Gustav Feichtinger. (pp. 134-150). Physica-Verlag. [details]
  • Hommes, C. H. (2000). Inaugural Lecture. Chaos en Economie. Tijdschrift voor Politieke Ekonomie, 22(2), 3-31. [details]
  • Hommes, C. H., Sonnemans, J. H., & van de Velden, H. (2000). Expectation formation in a cobweb economy. Some one person experiments. In D. Delli Gatti, M. Gallegati, & A. P. Kirman (Eds.), Interaction and market structure. (pp. 253-266). Berlin: Springer Verlag. [details]
  • Dechert, W. D., & Hommes, C. H. (2000). Complex Nonlinear Dynamics and Computational Methods. Journal of Economic Dynamics & Control, 24, 651-662. [details]
  • Goeree, W. A., & Hommes, C. H. (2000). Heterogeneous beliefs and the non-linear cobweb model. Journal of Economic Dynamics & Control, 24, 761-798. DOI: 10.1016/S0165-1889(99)00025-1 [details]

1999

  • Brock, W. A., & Hommes, C. H. (1999). Rational animal spirits. In A. J. J. Talman, P. J. J. Herings, & G. van der Laan (Eds.), The theory of markets. Proceedings of the colloquium Theory of Markets and their functioning. (pp. 109-137). Amsterdam: Royal Academy of Arts and Sciences. [details]

1998

  • Goeree, J. K., Hommes, C. H., & Weddepohl, H. N. (1998). Stability and complex dynamics in a discrete tatonnement model. Journal of Economic Behavior & Organization, 33, 395-410. DOI: 10.1016/S0167-2681(97)00065-6 [details]
  • Hommes, C. H. (1998). On the consistency of backward looking expectations. The case of the cobweb. Journal of Economic Behavior & Organization, 33, 333-362. DOI: 10.1016/S0167-2681(97)00062-0 [details]
  • Hommes, C. H., & Sorger, G. (1998). Consistent Expectations. Equilibria. Macroeconomic Dynamics, 2, 287-321. [details]
  • Hommes, C. H., & Sorger, G. (1998). Consistent expectations equilibria. Macroeconomic Dynamics, 2, 287-321. [details]
  • Brock, W. A., & Hommes, C. H. (1998). Heterogeneous beliefs and routes to chaos in a simple asset pricing model. Journal of Economic Dynamics & Control, 22, 1235-1274. DOI: 10.1016/S0165-1889(98)00011-6 [details]

1997

  • Brock, W. A., & Hommes, C. H. (1997). A rational route to randomness. Econometrica, 65, 1059-1095. DOI: 10.2307/2171879 [details]
  • Brock, W. A., & Hommes, C. H. (1997). Models of complexity in economics and finance. In J. M. Schumacher, C. Hey, B. Hanzon, & C. Praagman (Eds.), System Dynamics in Economic and Financial Models.. (pp. 3-41). Chichester: Wiley Publishers. [details]
  • Feichtinger, G., Hommes, C. H., & Milik, A. (1997). Chaotic consumption patterns in a simple 2-D addiction model. Economic Theory, 10, 147-173. DOI: 10.1007/s001990050151 [details] [PDF]

1996

  • Hommes, C. H., & van Eekelen, A. (1996). Partial equilibrium analysis in a noisy chaotic market. Economics Letters, 53, 275-282. DOI: 10.1016/S0165-1765(96)00930-5 [details] [PDF]
  • Hommes, C. (1996). Adaptive learning and roads to chaos: the case of the cobweb. In W. D. Dechert (Ed.), Chaos theory in economics: Methods, models and evidence. (pp. 330-335). Edward Elgar Publishers. [details]
  • Nusse, H. E., & Hommes, C. H. (1996). Resolution of chaos with application to a midified Samuelson model. In W. D. Dechert (Ed.), Chaos theory in economics : methods, models and evidence. (pp. 336-354). (The international library of critical writings in economics; No. 66). Cheltenham: Elgar. [details]

1995

  • Hommes, C. H. (1995). A reconsideration of Hicks' nonlinear trade cycle model. Structural Change and Economic Dynamics, 6, 435-459. [details] [PDF]
  • Hommes, C. H., Nusse, H. E., & Simonovits, A. (1995). Cycles and chaos in a socialist economy. Journal of Economic Dynamics & Control, 19, 155-179. DOI: 10.1016/0165-1889(93)00778-3 [details]

1994

  • Hommes, C. H. (1994). Cobweb dynamics under bounded rationality. Journal of Economic Behavior & Organization, 24(3), 315-336. DOI: 10.1016/0167-2681(94)90039-6 [details] [PDF]
  • Hommes, C. H. (1994). Dynamics of the cobweb model with adaptive expectations and non-linear supply and demand. Journal of Economic Behavior & Organization, 24(3), 315-335. DOI: 10.1016/0167-2681(94)90039-6 [details]
  • Hommes, C. (1994). Periodic, quasi-periodic and strange, chaotic attractors in Hicks' non-linear trade cycle model. In J. Grasman, & G. Straten, van (Eds.), Predictability and Nonlinear Modelling in Natural Sciences and Economics. (pp. 591-598). Dordrecht: Kluwer. [details]
  • Feichtinger, G., Herold, W., & Hommes, C. H. (1994). Chaos in a simple deterministic queuing system. Mathematical Methods of Operations Research, 40(1), 109-119. [details]
  • Feichtinger, G., Herold, W., & Hommes, C. H. (1994). Chaos in a simple deterministic queuing system. Zeitschrift für Operations Research, 40, 109-119. [details] [PDF]
  • Feichtinger, G., Hommes, C. H., & Milik, A. (1994). Complex dynamics in a threshold advertising model. OR Spektrum, 16(2), 101-111. [details]

1993

1992

  • Hommes, C. H. (1992). Cobwebs, chaos and bifurcations. Annals of Operations Research, 37(1), 97-100. [details]
  • Hommes, C. (1992). Periodic, quasi-periodic and chaotic dynamics in a simple macro model with Hicksian nonlinearities. In G. Feichtinger (Ed.), Dynamic Economic Models and Optimal Control. (pp. 385-409). Amsterdam: Elsevier Science Publishers. [details]

1991

  • Hommes, C. H. (1991). Adaptive learning and roads to chaos: the case of the cobweb. Economics Letters, 36(2), 127-132. DOI: 10.1016/0165-1765(91)90176-L [details]
  • Hommes, C. H., & Nusse, H. E. (1991). "Period three to period two" bifurcation for piecewise linear models. Journal of Economics, 54, 157-169. [details] [PDF]

1990

  • Nusse, H. E., & Hommes, C. H. (1990). Resolution of chaos with application to a modified Samuelson model. Journal of Economic Dynamics & Control, 14(1), 1-19. DOI: 10.1016/0165-1889(90)90002-X [details]

1989

  • Hommes, C. H., & Nusse, H. E. (1989). Does an unstable Keynesian unemployment equilibrium in a non-Walrasian dynamic macromodel imply chaos? The Scandinavian Journal of Economics, 91, 161-167. DOI: 10.2307/3440169 [details] [PDF]

2016

  • Arifovic, J., Hommes, C. H., & Salle, I. L. (2016). Learning to believe in simple equilibria in a complex OLG economy - evidence from the lab. In CeNDEF Working Paper 16-06. [details]

2015

  • Hommes, C. H. (2015). Journal of Economic Dynamics & Control (vol. 50, issue Special Issue Crisis & Complexity, January 2015). Journal of Economic Dynamics & Control, 50(Special Issue Crisis & Complexity, January 2015). [details]

2014

2007

  • Hommes, C. H. (2007). Evolutionary and adaptive learning in complex markets: a brief summary. In J. Kertesz, S. Bornholdt, & R. N. Mantegna (Eds.), Proceedings of SPIE conference on ''Noise and Stochastics in Complex Systems and Finance". (Vol. 6601, pp. 66010P1-66010P15). SPIE. DOI: 10.1117/12.724883 [details]

2005

  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2005). Nonlocal onset of instability in an asset pricing model with heterogeneous agents. In F. Dumortier, H. W. Broer, J. Mawhin, A. Vanderbauwhede, & S. Verduyn Lunel (Eds.), Proceedings of EQUADIFF 2003. (Vol. 2003, pp. 613-618). World Scientific. [details]

1996

  • Hommes, C. H., & Nusse, H. E. (1996). Does an unstable Keynesian unemployment equilibrium in a non-Walrasian dynamic macromodel imply chaos? In W. D. Dechert (Ed.), Chaos theory in economics : methods, models and evidence. (pp. 365-373). (The international library of critical writings in economics; No. 66). Cheltenham: Elgar. [details]

1995

  • Hommes, C. H., van Strien, S. J., & de Vilder, R. G. (1995). Chaotic dynamics in a two-dimensional overlapping generations model. A numerical investigation. In G. van Straten, & J. Grasman (Eds.), Predictability and nonlinear modeling in Natural Sciences and Economics. (pp. 211-229). Dordrecht: Kluwer. [details]

1992

  • Hommes, C. H. (1992). Chaotisch prijsgedrag in een eenvoudig economisch model. Wetenschappelijk Tijdschrift voor Informatica en Modelbouw, 1, 17-31. [details] [PDF]

2015

  • Hommes, C. (2015). [Review of: (2014) Rethinking housing bubbles: the role of household and bank balance sheets in modeling economic cycles]. Journal of Economic Psychology, 50, 138-142. DOI: 10.1016/j.joep.2015.08.003 [details] [PDF]

2013

  • Boswijk, P., & Hommes, C. (2013). Nobelprijs voor empirische analyse van financiële markten. Economisch-Statistische Berichten, 98(4672), 682-685. [details]

2010

  • Hommes, C. H., & Wagener, F. O. O. (2010). Gevaren van financiële vernieuwing. Economisch-Statistische Berichten, 95(4594), 601-603. [details]

2008

  • Burgers, G., Doelman, A., Frenken, K., Hogeweg, P., Hommes, C., van der Maas, H., ... Zandee, L. (2008). Complexity: Outline of the NWO strategic theme Dynamics of complex systems. The Hague: Netherlands Organisation for Scientific Research (NWO), Physical Sciences Division. [details] [PDF]

2007

  • Hommes, C. H. (2007). The exchange rate in a behavioral finance framework [Review of: P. de Grauwe, M. Grimaldi (2006) The exchange rate in a behavorial finance framework]. International Review of Economics & Finance, 16, 455-457. [details]

2003

  • Hommes, C. (2003). De pioniers van CeNDEF. Onderzoek naar niet-lineaire systemen. Aenorm, 39, 31-34. [details]

2002

  • Hommes, C. (2002). Onderzoek naar de psychologie van de belegger. Kuddegedrag en nog veel meer. Beurs & Financiën, 3, 10-12. [details]

2001

  • Hommes, C. H. (2001). Economic dynamics: from a linear, perfectly rational view towards bounded rationality, non-linearity and complex adaptive systems. Tinbergen Magazine, 3, 3-7. [details]
  • Hommes, C. (2001). Bookreview: Nonlinear Dynamics. A primer [Review of: A. Medio, M. Lines (2001) Nonlinear Dynamics. A primer]. De Economist, 152[details]

2000

  • Hommes, C. H. (2000). Making a new science. Nieuw Archief voor Wiskunde, 5/1(3), 309. [details]

1999

  • Hommes, C. (1999). Book review: Economic Dynamics. Phase diagrams and their economic application [Review of: Economic Dynamics. Phase diagrams and their economic application]. De Economist, 147[details]

1997

  • Hommes, C. H. (1997). Complex Economic Dynamics (I): An Introduction to dynamical systems and market mechanism. [Review of: R.H. Day (1997) Bookreview.]. Discrete Dynamics in Nature and Society, 1, 177-178. [details]

1996

  • Hommes, C. (1996). Book review: Chaotic dynamics. Theory and applications to economics [Review of: A. Medio. Chaotic dynamics. Theory and applications to economics]. De Economist, 144(4). [details]

1995

  • Hommes, C. H. (1995). Chaostheorie in de economie. Economisch-Statistische Berichten, 80(3993), 58-62. [details] [PDF]

1993

  • Hommes, C. (1993). Book review: Chaos and order in the capital markets. A new view of cycles, prices andmarket volatility [Review of: E.E. Peters. Chaos and order in the capital markets. A new view of cycles, prices andmarket volatility]. De Economist, 141(4). [details]

1992

  • Hammelberg, O. A., Hommes, C., & Nusse, H. E. (1992). Chaos en economie. JOURNAL NOT IN LIST, 3, 18-22. [details]

2000

  • Hommes, C. H. (2000). Chaos en Economie. (Oratiereeks). Amsterdam: Vossiuspers AUP. [details] [PDF]

2016

  • Wang, H-M. (2016). R&D, patents and innovation: a differential game approach [details] [PDF]

2015

  • Kopányi, D. (2015). Bounded rationality and learning in market competition Amsterdam: Tinbergen Institute [details / files]
  • Wang, J. (2015). Modelling and estimation of dynamic instability in complex economic systems [details] [PDF]

2014

  • Makarewicz, T. A. (2014). Learning to forecast: Genetic algorithms and experiments Amsterdam: Tinbergen Institute [details / files]
  • Wolski, M. (2014). Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking [details / files]
  • in 't Veld, D. L. (2014). Complex systems in financial economics: Applications to interbank and stock markets [details / files]
  • van de Leur, M. C. W. (2014). Essays on markets over random networks and learning in Continuous Double Auctions [details / files]

2013

  • Dugundji, E. R. (2013). Socio-dynamic discrete choice: Theory and application [details / files]

2012

  • Bao, T. (2012). Experiments on heterogeneous expectations and switching behavior [details / files]
  • Massaro, D. (2012). Bounded rationality and heterogeneous expectations in macroeconomics Amsterdam: Thela Thesis [details / files]
  • Moghayer, S. M. (2012). Bifurcations of indifference points in discrete time optimal control problems Amsterdam: Thela Thesis [details / files]
  • van der Weide, R. (2012). The time-variation of volatility and the evolution of expectations Amsterdam: University of Amsterdam [details / files]

2011

  • Kiseleva, T. (2011). Structural analysis of complex ecological economic optimal control problems Amsterdam: Thela Thesis [details / files]
  • Zeppini, P. (2011). Behavioural models of technological change Amsterdam: Thela Thesis [details / files]

2010

  • Ochea, M. I. (2010). Essays on nonlinear evolutionary game dynamics Amsterdam: Thela Thesis [details / files]

2009

  • Heemeijer, P. (2009). Expectation formation in dynamic market experiments Amsterdam: Thela Thesis [details]

2008

  • Zovko, I. (2008). Topics in market microstructure Amsterdam: Vossiuspers UvA - Amsterdam University Press [details / files]

1991

  • Hommes, C. H. (1991). Chaotic dynamics in economic models: some simple case studies Groningen: Wolters-Noordhoff [details]

2016

  • Bao, T., Hennequin, M., Hommes, C. H., & Massaro, D. (2016). Coordination on bubbles in large-group asset pricing experiments[details] [PDF]
  • Hommes, C., & Lustenhouwer, J. (2016). Managing heterogeneous and unanchored expectations: a monetary policy analysis. (CeNDEF working paper; No. 16-01). Amsterdam: University of Amsterdam. [details] [PDF]
  • van der Leij, M., in 't Veld, D., & Hommes, C. (2016). The formation of a core-periphery structure in heterogeneous financial networks. (CeNDEF Working Paper; No. 16-07). Amsterdam: University of Amsterdam. [details] [PDF]

2015

  • Anufriev, M., Hommes, C., & Makarewicz, T. (2015). Simple forecasting heuristics that make us smart: evidence from different market experiments. (CeNDEF working paper; No. 15-07). Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]
  • Bao, T., & Hommes, C. (2015). When speculators meet constructors: positive versus negative feedback in experimental housing markets. (CeNDEF working paper; No. 15-10). Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]
  • Diks, C., Hommes, C., & Wang, J. (2015). Critical slowing down as an early warning signal for financial crises. (CeNDEF working paper; No. 15-04). Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]
  • Hommes, C., & Lustenhouwer, J. (2015). Inflation Targeting and Liquidity Traps under Endogenous Credibility. (CeNDEF working paper; No. 15-03). Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]
  • Hommes, C., & in 't Veld, D. (2015). Booms, busts and behavioural heterogeneity in stock prices. (Tinbergen Institute discussion paper; No. TI 2015-088/II). Amsterdam: Tinbergen Institute. [details] [PDF]
  • Hommes, C., & in 't Veld, D. (2015). Booms, busts and behavioural heterogeneity in stock prices. Amsterdam: Amsterdam School of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C., Lustenhouwer, J., & Mavromatis, K. (2015). Fiscal Consolidations and Heterogeneous Expectations. Mimeo. [details] [PDF]
  • Hommes, C., Makarewicz, T., Massaro, D., & Smits, T. (2015). Genetic Algorithm Learning in a New Keynesian Macroeconomic Setup. (CeNDEF Working paper; No. 15-01). Amsterdam: University of Amsterdam. [details]
  • Hommes, C., Massaro, D., & Salle, I. (2015). Monetary and fiscal policy design at the zero lower nound - Evidence from the Lab. (CeNDEF working paper; No. 15-11). Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]
  • Agliari, A., Hommes, C. H., & Pecora, N. (2015). Path dependent coordination of expectations in asset pricing experiments: a behavioral explanation. (CeNDEF working paper; No. 15-05). Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]

2014

  • Assenza, T., Heemeijer, P., Hommes, C., & Massaro, D. (2014). Managing self-organization of expectations through monetary policy: a macro experiment. (CeNDEF Working Papers; No. 14-07). Amsterdam: Universiteit van Amsterdam. [details]
  • Bao, T., Hommes, C., & Makarewicz, T. (2014). Bubble formation and (in)efficient markets in learning-to-forecast and -optimize experiments. (CeNDEF Working Paper; No. 14-01). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C., & in 't Veld, D. (2014). Booms, busts and behavioural heterogeneity in stock prices. (CeNDEF working paper; No. 14-14). Amsterdam: CeNDEF, University of Amsterdam. [details]
  • in 't Veld, D., van der Leij, M., & Hommes, C. (2014). The formation of a core periphery structure in heterogeneous financial networks. (CeNDEF Working Paper; No. 14-04). Amsterdam: University of Amsterdam. [details]
  • in 't Veld, D., van der Leij, M., & Hommes, C. (2014). The formation of a core periphery structure in heterogeneous financial networks. (Tinbergen Institute Discussion Paper; No. TI-2014-098/II). Amsterdam/Rotterdam: Tinbergen Institute. [details]
  • Bolt, W., Demertzis, M., Diks, C., Hommes, C., & van der Leij, M. J. (2014). Identifying booms and busts in house prices under heterogeneous expectations. (DNB Working Paper Series; No. 450). Amsterdam: De Nederlandsche Bank (DNB). [details]
  • Bolt, W., Demertzis, M., Diks, C., Hommes, C., & van der Leij, M. (2014). Identifying booms and busts in house prices under heterogeneous expectations. (CeNDEF Working Paper; No. 14-13). Amsterdam: University of Amsterdam. [details]
  • Bolt, W., Demertzis, M., Diks, C., Hommes, C., & van der Leij, M. (2014). Identifying booms and busts in house prices under heterogeneous expectations. (Tinbergen Institute Discussion Paper; No. TI 2014-157/II). Amsterdam/Rotterdam: Tinbergen Institute. [details]

2013

  • Assenza, T., Brock, W. A., & Hommes, C. H. (2013). Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts. (Working Paper Series; No. 7). Milaan: Università Cattolica del Sacro Cuore. [details]
  • Assenza, T., Heemeijer, P., Hommes, C., & Massaro, D. (2013). Individual expectations and aggregate macro behavior. (Tinbergen Institute Discussion paper; No. TI 2013-016/II). Amsterdam/Rotterdam: Tinbergen Institute. [details]
  • Cornea, A., Hommes, C., & Massaro, D. (2013). Behavioral heterogeneity in U.S. inflation dynamics. (Tinbergen Institute Discussion Paper; No. TI 2013-015/II). Amsterdam/Rotterdam: Tinbergen Institute. [details]
  • Hommes, C. (2013). Behaviorally rational expectations and almost self-fulfilling equilibria. (Tinbergen Institute Discussion Papers; No. 13-204/II). Amsterdam / Rotterdam: Tinbergen Institute. [details] [PDF]
  • Hommes, C., & Zeppini, P. (2013). Innovate or imitate? Behavioural technological change. (Tinbergen Institute Discussion Paper; No. TI 2013-099/II). Amsterdam/Rotterdam: Tinbergen Institute. [details]
  • Hommes, C., & Zhu, M. (2013). Behavioral learning equilibria. (Tinbergen Institute Discussion Paper; No. TI 2013-014/II). Amsterdam/Rotterdam: Tinbergen Institute. [details]
  • Bolt, W., Demertzis, M., Diks, C., Hommes, C., & van der Leij, M. (2013). Bubbles and crashes in house prices under heterogeneous expectations. Amsterdam: Universiteit van Amsterdam. [details]

2012

  • Assenza, T., Brock, W. A., & Hommes, C. H. (2012). Animal spirits, heterogeneous expectations and the amplification and duration of crises. (CeNDEF Working Paper; No. 12-07). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Cornea, A., Hommes, C. H., & Massaro, D. (2012). Behavioral heterogeneity in U.S. inflation dynamics. (CeNDEF Working Paper; No. 12-03). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C., & Zhu, M. (2012). Behavioral learning equilibria. (CeNDEF Working Paper; No. 12-09). Amsterdam: Universiteit van Amsterdam. [details] [PDF]

2011

  • Anufriev, M., & Hommes, C. (2011). Evolutionary selection of individual expectations and aggregate outcomes in asset pricing experiments. (CeNDEF Working Paper; No. 11-06). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Anufriev, M., Assenza, T., Hommes, C., & Massaro, D. (2011). Interest rate rules with heterogeneous expectations. University of Amsterdam. [details] [PDF]
  • Assenza, T., Heemeijer, P., Hommes, C., & Massaro, D. (2011). Individual expectations and aggregate macro behavior. (CeNDEF Working Paper; No. 11-01). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Bao, T., Duffy, J., & Hommes, C. (2011). Learning, forecasting and optimizing: an experimental study. (CeNDEF Working Paper; No. 11-08). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C. H., Ochea, M. I., & Tuinstra, J. (2011). On the stability of the Cournot equilibrium: An evolutionary approach. (CeNDEF working paper; No. 11-10). Amsterdam: CeNDEF, University of Amsterdam. [details]
  • Hommes, C., & Zhu, M. (2011). Learning under misspecification: a behavioral explanation of excess volatility in stock prices and persistence in inflation. (CeNDEF working paper; No. 11-04). Amsterdam: Universiteit van Amsterdam. [details] [PDF]

2010

  • Anufriev, M., Hommes, C. H., & Philipse, R. H. S. (2010). Evolutionary selection of expectations in positive and negative feedback markets. (CeNDEF working paper; No. 10-05). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Bao, T., Hommes, C., Sonnemans, J., & Tuinstra, J. (2010). Individual expectations, limited rationality and aggregate outcomes. (CeNDEF working paper; No. 10-07). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., & Ochea, M. I. (2010). Multiple steady states, limit cycles and chaotic attractors in evolutionary games with Logit Dynamics. (CeNDEF working paper; No. 10-04). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C. (2010). The heterogeneous expectations hypothesis: some evidence from the lab. (CeNDEF working paper; No. 10-06). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C., & Zeppini, P. (2010). Costly innovators versus cheap imitators: a discrete choice model. Amsterdam: CeNDEF, University of Amsterdam. [details] [PDF]

2009

  • Anufriev, M., & Hommes, C. (2009). Evolutionary selection of individual expectations and aggregate outcomes. (CeNDEF Working Paper University of Amsterdam; No. 09-09). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Anufriev, M., Assenza, T., Hommes, C., & Massaro, D. (2009). Interest rate rules and macroeconomic stability under heterogeneous expectations. (CeNDEF working papers; No. 08-08). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Anufriev, M., Assenza, T., Hommes, C., & Massaro, D. (2009). Interest rate rules and macroeconomic stability under heterogeneous expectations. (Tinbergen Institute discussion paper; No. 2009-040/1). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Heemeijer, P., Hommes, C., Sonnemans, J., & Tuinstra, J. (2009). Inflation expectations and stability in an overlapping generations experiment with money creation. (DNB working paper; No. 241). Amsterdam: De Nederlandsche Bank. [details] [PDF]
  • Hommes, C., & Lux, T. (2009). Individual expectations and aggregate behavior in learning to forecast experiments. (CeNDEF Working Paper University of Amsterdam; No. 09-03). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C., & Wagener, F. (2009). Does eductive stability imply evolutionary stability? (CeNDEF Working Paper University of Amsterdam; No. 09-10). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C., Kiseleva, T., Kuznetsov, Y., & Verbic, M. (2009). Is more memory in evolutionary selection (de)stabilizing? (CeNDEF Working Paper University of Amsterdam; No. 09-07). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Gardini, L., Hommes, C., Tramontana, F., & de Vilder, R. (2009). Forward and backward dynamics in implicitly defined overlapping generations models. (CeNDEF Working Paper; No. 09-02). Amsterdam: Universiteit van Amsterdam. [details] [PDF]

2008

  • Hommes, C., & Wagener, F. (2008). Complex evolutionary systems in behavioral finance. (CeNDEF working papers; No. 08-05). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Brock, W., Hommes, C., & Wagener, F. (2008). More hedging instruments may destabilize markets. (CeNDEF working papers; No. 08-04). Amsterdam: Universiteit van Amsterdam. [details] [PDF]

2007

  • Anufriev, M., & Hommes, C. (2007). Evolution of market heuristics. (CeNDEF Working Paper Universiteit van Amsterdam; No. 07-06). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Heemeijer, P., Hommes, C., Sonnemans, J., & Tuinstra, J. (2007). Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation. (CeNDEF Working Paper; No. 06-05). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C. H. (2007). Bounded rationality and learning in complex markets. (CeNDEF Working Paper Universiteit van Amsterdam; No. 07-01). Amsterdam: Universiteit van Amsterdam. [details] [PDF]
  • Hommes, C. (2007). Complexity, Evolution and Learning: a simple story of heterogeneous expectations and some empirical and experimental validation. (CeNDEF Working Paper Universiteit van Amsterdam; No. 07-07). Amsterdam: Universiteit van Amsterdam. [details] [PDF]

2006

  • Diks, C. G. H., Hommes, C. H., Panchenko, V., & van der Weide, R. (2006). E&F Chaos: a user friendly software package for nonlinear economic dynamics. (CeNDEF working paper; No. 06-15). Amsterdam: CeNDEF, University of Amsterdam. [details]
  • Hommes, C. H. (2006). Interacting agents in finance. (CeNDEF working paper; No. 06-01). Amsterdam: CeNDEF, University of Amsterdam. [details]
  • Brock, W. A., Hommes, C. H., & Wagener, F. O. O. (2006). More hedging intruments may destabilize markets. (CeNDEF working paper; No. 06-12). Amsterdam: CeNDEF, University of Amsterdam. [details]

2005

  • Boswijk, H. P., Hommes, C. H., & Manzan, S. (2005). Behavioral heterogeneity in stock prices. (CeNDEF working paper; No. 05-12). Amsterdam: Universiteit van Amsterdam. [details]
  • Dindo, P. D. E., & Hommes, C. H. (2005). Adaptive rational equilibrium with forward looking agents. (CeNDEF working paper; No. 05-15). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H. (2005). Heterogeneous agent models in economics and finance. (CeNDEF Working Paper; No. 05-03). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H. (2005). Heterogeneous agents models: Two simple examples. (CeNDEF Working Paper; No. 05-01). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., & Manzan, S. (2005). Testing for nonlinear structure and chaos in economic time series: A comment. (CeNDEF Working Paper; No. 05-14). Amsterdam: Universiteit van Amsterdam. [details]
  • Gaunersdorfer, A., & Hommes, C. H. (2005). A nonlinear structural model for volatility clustering. (CeNDEF Working Paper; No. 05-02). Amsterdam: Universiteit van Amsterdam. [details]

2004

  • Heemeijer, P., Hommes, C. H., Tuinstra, J., & Sonnemans, J. H. (2004). Forming price expectations in positive and negative feedback systems. (CeNDEF Working Paper; No. 04-15). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H. (2004). Economic Dynamics - (Contribution to the Encyclopedia of Nonlinear Science, Alwyn Scott (ed.), Routledge, 2005). (CeNDEF Working Paper; No. 04-13). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Huang, H., & Wang, D. (2004). A robust rational route to randomness in a simple asset pricing model. (CeNDEF working paper; No. 02-08). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2004). Coordination of expectations in asset pricing experiments (Version March 2004). (CeNDEF Working Paper; No. 04-02). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2004). Coordination of expectations in asset pricing experiments. (CeNDEF working paper; No. 04-02). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Chiarella, C., He, X-Z., & Hommes, C. H. (2004). A dynamic analysis of moving average rules. (CeNDEF Working Paper; No. 04-14). Amsterdam: Universiteit van Amsterdam. [details]

2003

  • Hommes, C. H., & Wagener, F. O. O. (2003). Does eductive stability imply evolutionary stability? Note on R. Guesnerie, "Anchoring economic predictions in common knowledge", Econometrica 70, March 2002, pp. 439—480. (CeNDEF working paper; No. 03-04). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C. H., & Wagener, F. O. O. (2003). Does eductive stability imply evolutionary stability? (CeNDEF Working Paper; No. 03-04). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2003). Coordination of expectations in asset pricing experiments. (CeNDEF working paper; No. 02-07). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C. H., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2003). Coordination of expectations in asset pricing experiments. EPRINTS. [details] [PDF]
  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2003). Bifurcation routes to volatility clustering under evolutionary learning. (CeNDEF Working Paper; No. 03-03). Amsterdam: Universiteit van Amsterdam. [details]
  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2003). Bifurcation routes to volatility clustering under evolutionary learning. (CeNDEF working paper; No. 03-03). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2003). Nonlocal onset of instability in an asset pricing model with heterogeneous agents. (CeNDEF Working Paper; No. 03-10). Amsterdam: Universiteit van Amsterdam. [details]
  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2003). Nonlocal onset of instability in an asset pricing model with heterogeneous agents. (CeNDEF working paper; No. 03-10). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]

2002

  • Hommes, C. H. (2002). Modeling the stylized facts in finance through simple nonlinear adaptive systems. (CeNDEF working paper; No. 01-06). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C. H., Huang, H., & Wang, D. (2002). A robust rational route to in a simple asset pricing model. (CeNDEF Working Paper; No. 02-08). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2002). Coordination of expectations in asset pricing experiments (Revised June 2003). (CeNDEF Working Paper; No. 02-07). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2002). Expectations and bubbles in asset pricing experiments. (CeNDEF Working Paper; No. 02-05). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J. H., Tuinstra, J., & van de Velden, H. (2002). Learning in cobweb experiments. (CeNDEF Working Paper; No. 02-06). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2002). A strategy experiment in dynamic asset pricing. EPRINTS. [details] [PDF]
  • Hommes, C. H., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2002). Learning in Cobweb experiments. (CeNDEF working paper; No. 02-05). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Brock, W. A., Hommes, C. H., & Wagener, F. O. O. (2002). Evolutionary dynamics in markets with many trader types. (CeNDEF Working Paper; No. 02-10). Amsterdam: Universiteit van Amsterdam. [details]

2001

  • Boswijk, P., Griffioen, G. A. W., & Hommes, C. (2001). Success and failure of technical trading strategies in the cocoa futures market. (Tinbergen Institute Discussion Paper; No. TI 2006-016/1). Amsterdam: Tinbergen Institute. [details] [PDF]
  • Hommes, C. H. (2001). Modeling the stylized facts in finance through simple nonlinear adaptive systems. (CeNDEF Working Paper; No. 01-06). Amsterdam: Universiteit van Amsterdam. [details]
  • Brock, W. A., & Hommes, C. H. (2001). Heterogeneous beliefs and routes to complex dynamics in asset pricing models with price contingent contracts. (CeNDEF Working Paper; No. 01-05). Amsterdam: Universiteit van Amsterdam. [details]
  • Brock, W. A., & Hommes, C. H. (2001). Heterogeneous beliefs and routes to complex dynamics in asset pricing models with price contingent contracts. (CeNDEF working paper; No. 01-05). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Brock, W. A., Hommes, C. H., & Wagener, F. O. O. (2001). Evolutionary dynamics in financial markets with many trader types. (CeNDEF Working Paper; No. 01-01). Amsterdam: Universiteit van Amsterdam. [details]
  • Brock, W. A., Hommes, C. H., & Wagener, F. O. O. (2001). Evolutionary dynamics in financial markets with many trader types. (CeNDEF working paper; No. 01-01). Amsterdam: University of Amsterdam. [details] [PDF]

2000

  • Boswijk, H. P., Griffioen, G. A. W., & Hommes, C. H. (2000). Succes and Failure of Technical Training Strategies in the Cocoa Futures Market. (CeNDEF Working Paper; No. 00-06). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H. (2000). Financial markets as nonlinear adaptive evolutionary systems. (CeNDEF Working Paper; No. 00-03). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H. (2000). Financial markets as nonlinear adaptive evolutionary systems. (CeNDEF working paper; No. 00-03). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C. H., & Rosser Jr, B. J. (2000). Consistent expectations equilibria and complex dynamics in renewable resource markets. (CeNDEF Working Paper; No. 00-05). Amsterdam: Universiteit van Amsterdam. [details]
  • Droste, E., Hommes, C. H., & Tuinstra, J. (2000). Endogenous fluctuations under evolutionary pressure in Cournot competition. (CeNDEF working paper; No. 99-04). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Gaunersdorfer, A., & Hommes, C. H. (2000). A nonlinear structural model for volatility clustering. (CeNDEF Working Paper; No. 00-02). Amsterdam: Universiteit van Amsterdam. [details]
  • Gaunersdorfer, A., & Hommes, C. H. (2000). A nonlinear structural model for volatility clustering. (CeNDEF Working Papers; No. 00-01). Amsterdam: Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance. [details] [PDF]
  • Gaunersdorfer, A., Hommes, C. H., & Wagener, F. O. O. (2000). Bifurcation Routes to Volatility Clustering. (CeNDEF Working Paper; No. 00-04). Amsterdam: Universiteit van Amsterdam. [details]

1999

  • Hommes, C. H. (1999). Cobweb dynamics under bounded rationality. (CeNDEF Working Paper; No. 99-05). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H. (1999). Cobweb dynamics under bounded rationality. EPRINTS. [details] [PDF]
  • Hommes, C. H., & Barkley Rosser Jr., J. (1999). Consistent expectations equilibria and complex dynamics in renewable resource markets. (Tinbergen Institute Discussion Paper; No. TI 1999-052/1). Amsterdam / Rotterdam: Tinbergen Institute. [details]
  • Hommes, C. H., Sonnemans, J., & Tuinstra, J. (1999). Expectations driven price volatility in an experimental coweb economy. (CeNDEF working paper; No. 99-07). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details]
  • Sonnemans, J. H., Hommes, C. H., Tuinstra, J., & van de Velden, H. (1999). The instability of a heterogeneous cobweb economy. A strategy experiment in expectation formation. (CeNDEF Working Paper; No. 99-06). Amsterdam: Universiteit van Amsterdam. [details]
  • Dechert, W. D., & Hommes, C. H. (1999). Complex nonlinear dynamics and computational methods. (CeNDEF Working Paper; No. 99-01). Amsterdam: Universiteit van Amsterdam. [details]
  • Dechert, W. D., & Hommes, C. H. (1999). Complex nonlinear dynamics and computational methods. (CeNDEF working paper; No. 99-04). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details]
  • Droste, E., Hommes, C. H., & Tuinstra, J. (1999). Endogenous fluctuations under evolutionary pressure in counot competition. (CeNDEF Working Paper; No. 99-04). Amsterdam: Universiteit van Amsterdam. [details]

1998

  • Hommes, C. H., & Brock, W. A. (1998). Rational animal spirits. (CeNDEF Working paper; No. 98-01). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details] [PDF]
  • Hommes, C. H., Sonnemans, J. H., & van de Velden, H. (1998). Expectation formation in a cobweb economy, some one person experiments. (CeNDEF Working Paper; No. 98-02). Amsterdam: Universiteit van Amsterdam. [details]
  • Hommes, C. H., Sonnemans, J., & van de Velden, H. (1998). Expectations formation in a Cobweb economy: some one persons experiments. (CeNDEF working paper; No. 98-02). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details]
  • Brock, W. A., & Hommes, C. H. (1998). Rational Animal Spirits. (CeNDEF Working Paper; No. 98-01). Amsterdam: Universiteit van Amsterdam. [details]
  • Goeree, J. K., & Hommes, C. H. (1998). Heterogeneous beliefs and the non-linear Coweb model. (CeNDEF working paper; No. 98-04). Amsterdam: CeNDEF, Department of Economics, University of Amsterdam. [details]

1997

  • Goeree, J. K., & Hommes, C. H. (1997). Heterogeneous beliefs and the non-linear cobweb model. (Tinbergen Institute Discussion Papers; No. TI 1997-115/1). Amserdam / Rotterdam: Tinbergen Institute. [details]
  • Hommes, C. H., & Sorger, G. (1997). Consistent expectations equilibria. (Tinbergen Institute Discussion Paper; No. TI 1997-051/1). Amsterdam / Rotterdam: Tinbergen Institute. [details]

1996

  • Hommes, C. H., & van Eekelen, A. (1996). Partial equilibrium analysis in a noisy chaotic market. (TI discussion paper; No. 96/108-8). Amsterdam: Tinbergen Institute. [details]
  • Brock, W. A., & Hommes, C. H. (1996). Models of complexity in economics and finance. (Report AE; No. 5/96). Amsterdam: vakgroep kwantitatieve methoden. [details]
  • Feichtinger, G., Hommes, C. H., & Milik, A. (1996). Chaotic consumption patterns in a simple 2-D addiction model. (TI discussion paper; No. 96/84-8). Amsterdam: Tinbergen Institute. [details]

1995

  • Goeree, J. K., Hommes, C. H., & Weddepohl, H. N. (1995). Stability of complex dynamics in discrete tatonnement model. (AE report; No. 10/95). AE. [details]
  • Hommes, C. H. (1995). On the consistency of backward looking expectations: the case of the cobweb. (Working paper UvA; No. Juni). Amsterdam: vg actuariaat, kwantitatieve methoden en. [details]
  • Hommes, C. H., & de Vilder, R. G. (1995). Investment constrained endogenous business cycles in a 2-D OLG model. (Discussion paper; No. 9503). Parijs, Frankrijk: CEPREMAP. [details]
  • Hommes, C. H., & de Vilder, R. G. (1995). Sunspot equilibria in an implicitely defined overlapping generations model. (Working paper UvA). Amsterdam: vg actuariaat, kwantitatieve methoden en. [details]
  • Brock, W. A., & Hommes, C. H. (1995). A rational route to randomness. (Working paper University of Wisconsin and UvA; No. December). Amsterdam: vg actuariaat, kwantitatieve methoden en. [details]
  • Brock, W. A., & Hommes, C. H. (1995). Rational routes to randomness. (SSRI working paper; No. 9506). Wisconsin: SSRI, University of Wisconsin. [details] [PDF]

Media appearance

  • Hommes, Cars, Diks, Cees, Tuinstra, Jan, Wagener, Florian & van der Leij, Marco (01-01-2013): Interview with CeNDEF researchers [Print]. Interview with CeNDEF researchers.
  • Hommes, Cars (01-01-2012): Interview for Institute of New Economic Thinking (INET) "How expectations interact to create bubbles" by Perry Mehrling [Print] Institute of New Economic Thinking (INET). Interview for Institute of New Economic Thinking (INET) "How expectations interact to create bubbles" by Perry Mehrling.
  • Hommes, Cars (15-02-2012): Interview VPRO Labyrint "Economie en schuld" [Print]. Interview VPRO Labyrint "Economie en schuld".
  • Hommes, Cars (16-05-2008): Interview with Cars Hommes in ''European Economics at a Crossroads'' by J.B. Rosser Jr, R.P.F. Holt and D. Colander [Print] European economics at a crossroads, Edward Elgar. Interview with Cars Hommes in ''European Economics at a Crossroads'' by J.B. Rosser Jr, R.P.F. Holt and D. Colander.

Award

  • Hommes, Cars & Dawid, Herbert (2016): EU Horizon 2020 grant Marie Curie Innovative Training Network (ITN).

Scientific position

  • Hommes, Cars (member) (2007-2017): NWO Complexity Program Committee (External organisation).

Others

  • Hommes, Cars (member of programme committee) (21-8-2017 - 25-8-2017): 70th European Meeting of the Econometric Society (organising a conference, workshop, ...).
  • Hommes, Cars (member of programme committee) (28-6-2017 - 30-6-2017): Computation in Economics and Finance (CEF 2017) (organising a conference, workshop, ...).
  • Hommes, Cars (member of programme committee) (26-6-2016 - 28-6-2016): Computation in Economics and Finance (CEF) 2016 (organising a conference, workshop, ...).
  • Hommes, Cars (organiser) & Kopányi-Peuker, A.G. (organiser) (29-8-2016 - 31-8-2016): Amsterdam Behavioral & Experimental Economics (organising a conference, workshop, ...).
  • Hommes, Cars (organiser) (6-9-2016 - 8-9-2016): Learning Conference "Expectations in Dynamic Macroeconomic Models" (organising a conference, workshop, ...).
  • Diks, C.G.H. (organiser), Hommes, C.H. (organiser) & van der Leij, M.J. (organiser) (18-5-2015 - 20-5-2015): 10th Tinbergen Institute Conference 2015: Complexity in Economics and Finance, Amsterdam, The Netherlands (organising a conference, workshop, ...).

Keynote / Invited lecture

  • Hommes, Cars (speaker) (28-2-2017): Amsterdamlezing: Speculatieve zeepbellen en financiele crises in het laboratorium, Amsterdamlezing, Universiteit van Amsterdam.
  • Hommes, Cars (speaker) (6-1-2017): Learning to believe in simple equilibria in a complex OLG economy. Evidence from the lab, AEA meetings, January 6-8, 2017, Chicago, USA, ASSA-AEA Meetings, 6-8 January, Chicago, USA, Chicago, United States.
  • Hommes, Cars (speaker) (5-10-2016): PhD Course Heterogeneous Agent Models, German Network for New Economic Dynamics (GENED), Bamberg, Germany, PhD Course Heterogeneous Agents Models, German Network for New Economic Dynamicss (GENED), Bamberg, Germany, Germany.

Journal editor

  • Hommes, C.H. (editor) (2014-2017): Review of Behavioral Economics (Journal).
  • Hommes, Cars (member of editorial board) (2013-2017): Journal of Economic Dynamics and Control (Journal).
  • Hommes, C.H. (editor) (2006-2017): Journal of Economic Interaction and Coordination (Journal).
  • Hommes, C.H. (editor) (2002-2015): Journal of Economic Dynamics & Control (Journal).
  • Hommes, C.H. (editor) (1998-2017): Computational Economics (Journal).
  • Hommes, C.H. (editor) (1997-2017): Macroeconomic Dynamics (Journal).

Book editor

  • Dieci, R., He, X. Z., & Hommes, C. (2014). Nonlinear economic dynamics and financial modelling: essays in honour of Carl Chiarella. Cham: Springer. [details]
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