This chapter surveys work on dynamic heterogeneous agent models (HAMs) in economics
and finance. Emphasis is given to simple models that, at least to some extent, are tractable …

This chapter surveys the state-of-art of heterogeneous agent models (HAMs) in finance
using a jointly theoretical and empirical analysis, combined with numerical analysis from the …

Since the survey by Windrum et al.(Journal of Artificial Societies and Social Simulation 10: 8,
2007), research on empirical validation of agent-based models in economics has made …

Recognising that the economy is a complex system with boundedly rational interacting
agents, the book presents a theory of behavioral rationality and heterogeneous expectations …

Publisher Summary Although there might be agreement that the standard paradigm does
not fully explain what is causing the evolution of speculative asset prices, there may be less …

Publisher Summary This chapter explores some behavioral finance models with
evolutionary selection of heterogeneous trading strategies. When strategy selection is driven …

Models with heterogeneous interacting agents have proven to be quite successful in the
past. For instance, such models are able to mimic the dynamics of financial markets quite …

The debate about the Tobin tax, and other financial transaction taxes (FTTs), gives rise to
strong views both for and against. Unfortunately, little of the popular debate refers to the now …

We develop a simple model of a speculative housing market in which the demand for
houses is influenced by expectations about future housing prices. Guided by empirical …

We analyze the impact of the introduction of the French Tobin tax on the turnover and
measures of the liquidity and volatility of the affected stocks with nonparametric tests on …