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Cited by 404

The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.

Coordination of Expectations in Asset Pricing Experiments

Hommes, Cars, Sonnemans, Joep, Tuinstra, Jan, van de Velden, Henk·2005·Review of Financial Studies
DOI 10.1093/rfs/hhi003
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Abstract

We investigate expectation formation in a controlled experimental environment. Subjects are asked to predict the price in a standard asset pricing model. They do not have knowledge of the underlying market equilibrium equations, but they know all past realized prices and their own predictions. Aggregate demand for the risky asset depends upon the forecasts of the participants. The realized price is then obtained from market equilibrium with feedback from six individual expectations. Realized prices differ significantly from fundamental values and typically exhibit oscillations around, or slow convergence to, this fundamental. In all groups participants coordinate on a common prediction strategy.

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Metadata

Authors
Hommes, C., Sonnemans, J., Tuinstra, J., & van de Velden, H.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2004-08-18
Volume
18
Issue
3
Pages
955-980
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhi003
OpenAlex
W3021834304
Cited by
404
References
32
FWCI
21.34
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Coordination of Expectations in Asset Pricing Experiments. https://app.cochat.ai/papers/10.1093/rfs/hhi003
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Hommes, C., Sonnemans, J., Tuinstra, J., & van de Velden, H. (2005). Coordination of Expectations in Asset Pricing Experiments. Review of Financial Studies. https://doi.org/10.1093/rfs/hhi003

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.