Dockner Lectures 2020 - Cars Hommes - CANCELLED!
In memory of Prof. Engelbert Dockner, the University of Vienna, the Vienna University of Technology and the Vienna University of Economics and Business Administration have founded the "Dockner Lectures".
In 2019, the first event of the Dockner Lectures started with Prof. Ngo Van Long (McGill University) at the Vienna University of Technology.
This year, the series continues at the University of Vienna with Prof. Cars Hommes (University of Amsterdam).
In 2021, an event at the Vienna University of Economics and Business Administration will follow.
Cars Hommes - "Complex Economic Dynamics"
|Date:||Tuesday, 28th of April 2020, 5 p.m.|
|Place:||Skylounge (12th Floor), Faculty of Business, Economics and Statistics, Oskar-Morgenstern-Platz 1, 1090 Vienna|
|Abstract:||This talk surveys some of Prof. Hommes' work on complex economic dynamics with adaptively learning agents in behavioral macro-finance models. The economy consists of boundedly rational agents who do not fully understand their complex environment and use simple decision heuristics. This leads to a complex nonlinear adaptive system with complex dynamics, where the economy may not settle down to the rational equilibrium, but rather agents may learn almost self-fulfilling equilibria with highly persistent expectations driven fluctuations.|
To register for the event use the following link - you will be forwarded to the homepage of the University of Vienna.