Cars Hommes
Biographic Data
| ID | 1072154 |
|---|---|
| NAME | Cars Hommes |
| GIVEN NAMES | Cars |
| FAMILY NAME | Hommes |
| SIGNATURE | HOMMES C |
| AFFILIATIONS | Tinbergen Institute |
| ORCID | 0000-0002-2260-2665 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1995 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 0 |
Rational vs. irrational beliefs in a complex world
Behavioral Heterogeneity in U.S. Inflation Dynamics
In this article we develop and estimate a behavioral model of inflation dynamics with heterogeneous firms. In our stylized framework there are two groups of price setters, fundamentalists and random walk believers. Fundamentalists are forward-looking in the sense that they believe in a present-value relationship between inflation and real marginal costs, while random walk believers are backward-looking, using the simplest rule of thumb, naive exp…
Heterogeneous Agent Models
Bubble Formation and (In)Efficient Markets in Learning‐to‐Forecast and optimise Experiments
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects: (1) submit a price forecast only; (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the fundamental price in all treatments, but to a larger degree in treatments (2) and (3). Mispricing is therefore a robust finding in markets with positive expecta…
Cycles and chaos in a socialist economy
No prominent works on this page.
Cycles and chaos in a socialist economy
Bubble Formation and (In)Efficient Markets in Learning‐to‐Forecast and optimise Experiments
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects: (1) submit a price forecast only; (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the fundamental price in all treatments, but to a larger degree in treatments (2) and (3). Mispricing is therefore a robust finding in markets with positive expecta…
Heterogeneous Agent Models
Behavioral Heterogeneity in U.S. Inflation Dynamics
In this article we develop and estimate a behavioral model of inflation dynamics with heterogeneous firms. In our stylized framework there are two groups of price setters, fundamentalists and random walk believers. Fundamentalists are forward-looking in the sense that they believe in a present-value relationship between inflation and real marginal costs, while random walk believers are backward-looking, using the simplest rule of thumb, naive exp…
Rational vs. irrational beliefs in a complex world
Economics (3 works) · Mathematics (3 works) · Complex Systems and Time Series Analysis (2 works) · Computer Science (2 works) · Econometrics (2 works) · Economic theories and models (2 works) · Financial Markets and Investment Strategies (2 works) · Macroeconomics (2 works) · Statistics (2 works) · Asset (computer security (1 works)