Thomas Lux
Personal Details
First Name: | Thomas |
Middle Name: | |
Last Name: | Lux |
Suffix: | |
RePEc Short-ID: | plu102 |
[This author has chosen not to make the email address public] | |
http://www.gwif.vwl.uni-kiel.de/de/mitarbeiterinnen-und-mitarbeiter/forschungsgruppe-1/prof.-dr.-tho | |
Terminal Degree: | 1990 Volkswirtschaftliches Institut; Wirtschaftswissenschaftliche Fakultät; Bayerische Julius-Maximilians-Universität Würzburg (from RePEc Genealogy) |
Affiliation
(50%) Institut für Volkswirtschaftslehre
Christian-Albrechts-Universität Kiel
Kiel, Germanyhttp://www.vwl.uni-kiel.de/
RePEc:edi:vakiede (more details at EDIRC)
(50%) Departament d'Economia
Universitat Jaume I
Castellón de la Plana, Spainhttp://www.eco.uji.es/
RePEc:edi:ueujies (more details at EDIRC)
Research output
Jump to: Working papers Articles EditorshipWorking papers
- David Colander & Roland Kupers & Thomas Lux & Casey Rothschild, 2010. "Reintegrating the Social Sciences: The Dahlem Group," Middlebury College Working Paper Series 1033, Middlebury College, Department of Economics.
- Alfarano, Simone & Lux, Thomas, 2010.
"Extreme Value Theory as a Theoretical Background for Power Law Behavior,"
MPRA Paper
24718, University Library of Munich, Germany.
- Simone Alfarano & Thomas Lux, 2011. "Extreme value theory as a theoretical background for power law behavior," Working Papers 2011/02, Economics Department, Universitat Jaume I, Castellón (Spain).
- Alfarano, Simone & Lux, Thomas, 2010. "Extreme value theory as a theoretical background for power law behavior," Kiel Working Papers 1648, Kiel Institute for the World Economy (IfW Kiel).
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2010. "Excess Volatility and Herding in an Artificial Financial Market: Analytical Approach and Estimation," MPRA Paper 24719, University Library of Munich, Germany.
- David Colander & Hans Föllmer & Armin Haas & Michael Goldberg & Katarina Juselius & Alan Kirman & Thomas Lux & Brigitte Sloth, 2009.
"The Financial Crisis and the Systemic Failure of Academic Economics,"
Middlebury College Working Paper Series
0901, Middlebury College, Department of Economics.
- D. Colander & H. Follmer & A. Haas & M. Goldberg & K. Juselius & A. Kirman & T. Lux & B. Sloth, 2010. "The Financial Crisis and the Systemic Failure of Academic Economics," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 6.
- David Colander & Hans Föllmer & Armin Haas & Michael Goldberg & Katarina Juselius & Alan Kirman & Thomas Lux & Birgitte Sloth, 2009. "The Financial Crisis and the Systemic Failure of Academic Economics," Discussion Papers 09-03, University of Copenhagen. Department of Economics.
- Colander, David C. & Föllmer, Hans & Haas, Armin & Goldberg, Michael & Kirman, Alan & Jusélius, Katarina & Lux, Thomas & Sloth, Brigitte, 2009. "The financial crisis and the systemic failure of academic economics," Kiel Working Papers 1489, Kiel Institute for the World Economy (IfW Kiel).
- Hommes, C.H. & Lux, T., 2009.
"Individual Expectations and Aggregate Behavior in Learning to Forcast Experiments,"
CeNDEF Working Papers
09-03, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Hommes, Cars & Lux, Thomas, 2013. "Individual Expectations And Aggregate Behavior In Learning-To-Forecast Experiments," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 373-401, March.
- Hommes, Cars & Lux, Thomas, 2008. "Individual expectations and aggregate behavior in learning to forecast experiments," Kiel Working Papers 1466, Kiel Institute for the World Economy (IfW Kiel).
- Lux, Thomas, 2008.
"Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey,"
Economics Working Papers
2008-07, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas, 2009. "Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey," Journal of Economic Behavior & Organization, Elsevier, vol. 72(2), pages 638-655, November.
- Liu, Ruipeng & Di Matteo, Tiziana & Lux, Thomas, 2008.
"Multifractality and long-range dependence of asset returns: The scaling behaviour of the Markov-switching multifractal model with lognormal volatility components,"
Economics Working Papers
2008-09, Christian-Albrechts-University of Kiel, Department of Economics.
- Liu, Ruipeng & Di Matteo, Tiziana & Lux, Thomas, 2008. "Multifractality and long-range dependence of asset returns: The scaling behaviour of the Markov-switching multifractal model with lognormal volatility components," Kiel Working Papers 1427, Kiel Institute for the World Economy (IfW Kiel).
- Lux, Thomas, 2008. "Stochastic behavioral asset pricing models and the stylized facts," Economics Working Papers 2008-08, Christian-Albrechts-University of Kiel, Department of Economics.
- Liu, Ruipeng & Di Matteo, Tiziana & Lux, Thomas, 2007.
"True and Apparent Scaling: The Proximity of the Markov- Switching Multifractal Model to Long-Range Dependence,"
Economics Working Papers
2007-06, Christian-Albrechts-University of Kiel, Department of Economics.
- Liu, Ruipeng & Di Matteo, T. & Lux, Thomas, 2007. "True and apparent scaling: The proximity of the Markov-switching multifractal model to long-range dependence," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 383(1), pages 35-42.
- Ruipeng Liu & T. Di Matteo & Thomas Lux, 2007. "True and Apparent Scaling: The Proximity of the Markov-Switching Multifractal Model to Long-Range Dependence," Papers 0704.1338, arXiv.org.
- Lux, Thomas, 2007. "Applications of statistical physics in finance and economics," Economics Working Papers 2007-05, Christian-Albrechts-University of Kiel, Department of Economics.
- E. Samanidou & E. Zschischang & D. Stauffer & T. Lux, 2007. "Agent-based Models of Financial Markets," Papers physics/0701140, arXiv.org.
- Samanidou, Egle & Zschischang, Elmar & Stauffer, Dietrich & Lux, Thomas, 2006.
"Microscopic models of financial markets,"
Economics Working Papers
2006-15, Christian-Albrechts-University of Kiel, Department of Economics.
- E. Samanidou & E. Zschischang & D. Stauffer & T. Lux, 2001. "Microscopic Models of Financial Markets," Papers cond-mat/0110354, arXiv.org.
- Lux, Thomas, 2006. "Financial power laws: Empirical evidence, models, and mechanism," Economics Working Papers 2006-12, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas & Kaizoji, Taisei, 2006.
"Forecasting volatility and volume in the Tokyo stock market: Long memory, fractality and regime switching,"
Economics Working Papers
2006-13, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas & Kaizoji, Taisei, 2007. "Forecasting volatility and volume in the Tokyo Stock Market: Long memory, fractality and regime switching," Journal of Economic Dynamics and Control, Elsevier, vol. 31(6), pages 1808-1843, June.
- Lux, Thomas, 2006.
"The Markov-Switching Multifractal Model of asset returns: GMM estimation and linear forecasting of volatility,"
Economics Working Papers
2006-17, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas, 2008. "The Markov-Switching Multifractal Model of Asset Returns: GMM Estimation and Linear Forecasting of Volatility," Journal of Business & Economic Statistics, American Statistical Association, vol. 26, pages 194-210, April.
- Lux, Thomas, 2004. "The Markov-switching multi-fractal model of asset returns: GMM estimation and linear forecasting of volatility," Economics Working Papers 2004-11, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2006.
"Time-variation of higher moments in a financial market with heterogeneous agents: An analytical approach,"
Economics Working Papers
2006-16, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2008. "Time variation of higher moments in a financial market with heterogeneous agents: An analytical approach," Journal of Economic Dynamics and Control, Elsevier, vol. 32(1), pages 101-136, January.
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2005. "Time-variation of higher moments in a financial market with heterogeneous agents: An analytical approach," Economics Working Papers 2005-14, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas, 2005.
"A noise trader model as a generator of apparent financial power laws and long memory,"
Economics Working Papers
2005-13, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas, 2007. "A Noise Trader Model As A Generator Of Apparent Financial Power Laws And Long Memory," Macroeconomic Dynamics, Cambridge University Press, vol. 11(S1), pages 80-101, November.
- Lux, Thomas & Kaizoji, Taisei, 2004. "Forecasting volatility and volume in the Tokyo stock market: The advantage of long memory models," Economics Working Papers 2004-05, Christian-Albrechts-University of Kiel, Department of Economics.
- Taisei Kaizoji & Thomas Lux, 2004. "Forecasting Volume and Volatility in the Tokyo Stock Market: The Advantage of Long Memory Models," Computing in Economics and Finance 2004 158, Society for Computational Economics.
- Lux, Thomas, 2003. "Detecting multi-fractal properties in asset returns: The failure of the scaling estimator," Economics Working Papers 2003-14, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas, 2003.
"A minimal noise trader model with realistic time series properties,"
Economics Working Papers
2003-15, Christian-Albrechts-University of Kiel, Department of Economics.
- Simone Alfarano & Thomas Lux, 2007. "A Minimal Noise Trader Model with Realistic Time Series Properties," Springer Books, in: Gilles Teyssière & Alan P. Kirman (ed.), Long Memory in Economics, pages 345-361, Springer.
- Alfarano, Simone & Lux, Thomas, 2006. "A minimal noise trader model with realistic time series properties," Economics Working Papers 2006-11, Christian-Albrechts-University of Kiel, Department of Economics.
- Thomas Lux, 2003.
"The Multi-Fractal Model of Asset Returns:Its Estimation via GMM and Its Use for Volatility Forecasting,"
Computing in Economics and Finance 2003
14, Society for Computational Economics.
- Lux, Thomas, 2003. "The multi-fractal model of asset returns: Its estimation via GMM and its use for volatility forecasting," Economics Working Papers 2003-13, Christian-Albrechts-University of Kiel, Department of Economics.
- Simone Alfarano & Thomas Lux, 2002. "A minimal noise trader model with realistic time series," Computing in Economics and Finance 2002 317, Society for Computational Economics.
- Lux, Thomas & Schornstein, Sascha, 2002.
"Genetic learning as an explanation of stylized facts of foreign exchange markets,"
Discussion Paper Series 1: Economic Studies
2002,29, Deutsche Bundesbank.
- Lux, Thomas & Schornstein, Sascha, 2005. "Genetic learning as an explanation of stylized facts of foreign exchange markets," Journal of Mathematical Economics, Elsevier, vol. 41(1-2), pages 169-196, February.
- Lux, Thomas & Schornstein, Sascha, 2003. "Genetic learning as an explanation of stylized facts of foreign exchange markets," Economics Working Papers 2003-12, Christian-Albrechts-University of Kiel, Department of Economics.
- Thomas Lux & Sascha Schornstein, 2002. "Genetic Learning and the Stylized Facts of Foreign Exchange Markets," Computing in Economics and Finance 2002 22, Society for Computational Economics.
- Taisei Kaizoji & Thomas Lux, 2001. "On Dynamics in An Asset Pricing Model with Heterogeneous Expectations," CeNDEF Workshop Papers, January 2001 2A.3, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Thomas Lux, 2001. "The Multi-Fractal Model of Asset Returns: Simple Moment and GMM Estimation," Computing in Economics and Finance 2001 62, Society for Computational Economics.
- Thomas Lux & D. Sornette, 1999.
"On Rational Bubbles and Fat Tails,"
Papers
cond-mat/9910141, arXiv.org.
- Lux, Thomas & Sornette, Didier, 2002. "On Rational Bubbles and Fat Tails," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(3), pages 589-610, August.
Articles
- Lux, Thomas & Morales-Arias, Leonardo, 2010. "Forecasting volatility under fractality, regime-switching, long memory and student-t innovations," Computational Statistics & Data Analysis, Elsevier, vol. 54(11), pages 2676-2692, November.
- Lux, Thomas, 2009.
"Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey,"
Journal of Economic Behavior & Organization, Elsevier, vol. 72(2), pages 638-655, November.
- Lux, Thomas, 2008. "Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey," Economics Working Papers 2008-07, Christian-Albrechts-University of Kiel, Department of Economics.
- Farmer, J. Doyne & Lux, Thomas, 2008. "Introduction to special issue on `Applications of Statistical Physics in Economics and Finance'," Journal of Economic Dynamics and Control, Elsevier, vol. 32(1), pages 1-6, January.
- Lux, Thomas, 2008.
"The Markov-Switching Multifractal Model of Asset Returns: GMM Estimation and Linear Forecasting of Volatility,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 26, pages 194-210, April.
- Lux, Thomas, 2004. "The Markov-switching multi-fractal model of asset returns: GMM estimation and linear forecasting of volatility," Economics Working Papers 2004-11, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas, 2006. "The Markov-Switching Multifractal Model of asset returns: GMM estimation and linear forecasting of volatility," Economics Working Papers 2006-17, Christian-Albrechts-University of Kiel, Department of Economics.
- Silvano Cincotti & Laura Gardini & Thomas Lux, 2008. "New Advances in Financial Economics: Heterogeneity and Simulation," Computational Economics, Springer;Society for Computational Economics, vol. 32(1), pages 1-2, September.
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2008.
"Time variation of higher moments in a financial market with heterogeneous agents: An analytical approach,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(1), pages 101-136, January.
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2005. "Time-variation of higher moments in a financial market with heterogeneous agents: An analytical approach," Economics Working Papers 2005-14, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas & Wagner, Friedrich, 2006. "Time-variation of higher moments in a financial market with heterogeneous agents: An analytical approach," Economics Working Papers 2006-16, Christian-Albrechts-University of Kiel, Department of Economics.
- Alfarano, Simone & Lux, Thomas, 2007.
"A Noise Trader Model As A Generator Of Apparent Financial Power Laws And Long Memory,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(S1), pages 80-101, November.
- Alfarano, Simone & Lux, Thomas, 2005. "A noise trader model as a generator of apparent financial power laws and long memory," Economics Working Papers 2005-13, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas & Kaizoji, Taisei, 2007.
"Forecasting volatility and volume in the Tokyo Stock Market: Long memory, fractality and regime switching,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(6), pages 1808-1843, June.
- Lux, Thomas & Kaizoji, Taisei, 2006. "Forecasting volatility and volume in the Tokyo stock market: Long memory, fractality and regime switching," Economics Working Papers 2006-13, Christian-Albrechts-University of Kiel, Department of Economics.
- S. Alfarano & T. Lux & F. Wagner, 2007. "Empirical validation of stochastic models of interacting agents," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 55(2), pages 183-187, January.
- Akira Namatame & Thomas Lux & Robert Axtell, 2006. "Welcome to JEIC," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 1(1), pages 1-3, May.
- Simone Alfarano & Thomas Lux & Friedrich Wagner, 2005. "Estimation of Agent-Based Models: The Case of an Asymmetric Herding Model," Computational Economics, Springer;Society for Computational Economics, vol. 26(1), pages 19-49, August.
- Lux, Thomas & Schornstein, Sascha, 2005.
"Genetic learning as an explanation of stylized facts of foreign exchange markets,"
Journal of Mathematical Economics, Elsevier, vol. 41(1-2), pages 169-196, February.
- Lux, Thomas & Schornstein, Sascha, 2002. "Genetic learning as an explanation of stylized facts of foreign exchange markets," Discussion Paper Series 1: Economic Studies 2002,29, Deutsche Bundesbank.
- Lux, Thomas & Schornstein, Sascha, 2003. "Genetic learning as an explanation of stylized facts of foreign exchange markets," Economics Working Papers 2003-12, Christian-Albrechts-University of Kiel, Department of Economics.
- Lux, Thomas & Sornette, Didier, 2002.
"On Rational Bubbles and Fat Tails,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(3), pages 589-610, August.
- Thomas Lux & D. Sornette, 1999. "On Rational Bubbles and Fat Tails," Papers cond-mat/9910141, arXiv.org.
- Lux, Thomas & Marchesi, Michele, 2002. "Journal of economic behavior and organization: special issue on heterogeneous interacting agents in financial markets," Journal of Economic Behavior & Organization, Elsevier, vol. 49(2), pages 143-147, October.
- T. Lux, 2001. "Turbulence in financial markets: the surprising explanatory power of simple cascade models," Quantitative Finance, Taylor & Francis Journals, vol. 1(6), pages 632-640.
- T. Lux, 2001. "Power laws and long memory," Quantitative Finance, Taylor & Francis Journals, vol. 1(6), pages 560-562.
- Chen, Shu-Heng & Lux, Thomas & Marchesi, Michele, 2001. "Testing for non-linear structure in an artificial financial market," Journal of Economic Behavior & Organization, Elsevier, vol. 46(3), pages 327-342, November.
- Thomas Lux, 2000. "On moment condition failure in German stock returns: an application of recent advances in extreme value statistics," Empirical Economics, Springer, vol. 25(4), pages 641-652.
- Lux, Thomas, 1998. "The socio-economic dynamics of speculative markets: interacting agents, chaos, and the fat tails of return distributions," Journal of Economic Behavior & Organization, Elsevier, vol. 33(2), pages 143-165, January.
- Lux, Thomas, 1997. "Time variation of second moments from a noise trader/infection model," Journal of Economic Dynamics and Control, Elsevier, vol. 22(1), pages 1-38, November.
- Thomas Lux, 1996. "Long-term stochastic dependence in financial prices: evidence from the German stock market," Applied Economics Letters, Taylor & Francis Journals, vol. 3(11), pages 701-706.
- Lux, Thomas, 1995. "Herd Behaviour, Bubbles and Crashes," Economic Journal, Royal Economic Society, vol. 105(431), pages 881-896, July.
- Thomas Lux, 1992.
"A note on the stability of endogenous cycles in Diamond's model of search and barter,"
Journal of Economics, Springer, vol. 56(2), pages 185-196, June.
RePEc:taf:apfiec:v:11:y:2001:i:3:p:299-315 is not listed on IDEAS
Editorship
- Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents.
More information
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Rankings
This author is among the top 5% authors according to these criteria:- Number of Citations
- Number of Citations, Discounted by Citation Age
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- Number of Citations, Weighted by Number of Authors, Discounted by Citation Age
- Number of Citations, Weighted by Number of Authors and Simple Impact Factors
- Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age
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Co-authorship network on CollEc
NEP Fields
NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 17 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.- NEP-ECM: Econometrics (6) 2001-05-02 2007-01-14 2007-01-14 2007-05-12 2008-09-20 2010-09-11. Author is listed
- NEP-FMK: Financial Markets (6) 2001-02-14 2001-05-02 2006-08-05 2007-01-14 2007-01-14 2008-07-20. Author is listed
- NEP-CMP: Computational Economics (3) 2006-08-05 2007-01-23 2010-09-11
- NEP-ETS: Econometric Time Series (3) 2007-01-14 2007-01-14 2007-05-12
- NEP-FIN: Finance (3) 2001-02-14 2001-05-02 2006-08-05
- NEP-CBE: Cognitive and Behavioural Economics (2) 2009-03-22 2010-11-06
- NEP-FOR: Forecasting (2) 2007-01-14 2007-01-14
- NEP-HPE: History and Philosophy of Economics (2) 2010-09-11 2010-11-06
- NEP-IFN: International Finance (2) 2001-05-02 2007-01-14
- NEP-MST: Market Microstructure (2) 2006-08-05 2007-01-23
- NEP-PKE: Post Keynesian Economics (2) 2009-03-22 2010-11-06
- NEP-MAC: Macroeconomics (1) 2008-07-20
- NEP-ORE: Operations Research (1) 2008-07-20
- NEP-RMG: Risk Management (1) 2007-01-14
- NEP-SOC: Social Norms and Social Capital (1) 2008-07-20
- NEP-SOG: Sociology of Economics (1) 2009-03-22
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