team

E-Finance Lab Team

Prof. Dr. Oliver Hein

Organizations:

  • Technische Hochschule Mittelhessen
  • Chair of Business Administration, esp. Information Systems

Projects:

  • FINancial Agent-based Computational Economics
  • E-Finance Lab - Layer 1

E-Mail: Send email

Homepage: http://www.fh-giessen-friedberg.de

Publications | Presentations

Oliver Hein ist Professor für Wirtschaftsinformatik mit Schwerpunkt Simulation an der Fachhochschule Giessen Friedberg. Er arbeitete für einige Jahre im Investmentbanking in Deutschland der Schweiz und der USA, bevor er sich 1999 mit einer Beratungsgesellschaft für Unternehmensbeteiligungen selbstständig gemacht hat. Seine Erfahrungen mit dem Verhalten von Investoren an Wertpapiermärkten bringt er jetzt bei der Simulation von Anlegerverhalten ein. Mit Hilfe des von ihm entworfenen Frankfurt Artificial Stock Markets untersucht Oliver Hein Diffusionsprozesse und ihre Auswirkungen auf die Kursbildung an Wertpapiermärkten.

Publications:

2012

Hein, O.; Schwind, M.; Spiwoks, M. (2012)

Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices

In: Journal of Finance and Investment Analysis; (1:1)

Category: Publications in scientific journals

Reference No.: 2012-2005

2011

Gubaydullina, Z.; Hein, O.; Spiwoks, M. (2011)

The Status Quo Bias of Bond Market Analysts

In: Journal of Applied Finance and Banking; Bd. 1, H. 1, pp. 31-51

Category: Publications in scientific journals

Reference No.: 2011-1928

2010

Spiwoks, M.; Bedke, N.; Hein, O. (2010)

Topically Orientated Trend Adjustment and Autocorrelation of the Residuals - An Empirical Investigation of the Forecasting Behavior of Bond Market Analysts in Germany

In: Journal of Money, Investment and Banking; Bd. 14, pp. 16-35

Category: Publications in scientific journals

Reference No.: 2010-1859

2009

Spiwoks, M.; Bedke, N.; Hein, O. (2009)

The Pessimism of Swiss Bond Market Analysts and the Limits of the Sign Accuracy Test – An Empirical Investigation of Their Forecasting Success Between 1998 and 2007

In: International Bulletin of Business Administration, Bd. 4, 2009, pp. 6-19

Category: Publications in scientific journals

Reference No.: 2009-1459

2008

Spiwoks, M.; Bizer, K.; Hein, O. (2008)

Anchoring Near the Lighthouse: Bond Market Analysts’ Behavior Co-ordination by External Signal

In: European Journal of Economics, Finance and Administrative Sciences, Bd. 13, 2008, pp. 169-191

Category: Publications in scientific journals

Reference No.: 2008-1442

Spiwoks, M.; Bedke, N.; Hein, O. (2008)

Forecasting the past: The case of U.S. interest rate forecasts

In: Financial Markets and Portfolio Management; Spinger, Heidelberg

Category: Publications in scientific journals

Reference No.: 2008-1059

Hein, O. (2008)

Evaluation of the Frankfurt Artificial Stock Market Order Book

In: International Conference on Economic Science with Heterogeneous Interacting Agents 2008; Warsaw University of Technology

Category: Proceedings

Reference No.: 2008-1013

Hein, O.; Schwind, M.; Spiwoks, M. (2008)

Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices

In: Chair of Business Administration, esp. Information Systems; JWG University Frankfurt

Category: Working papers [Password Protected Download] (Please contact the author)

Abstract

Reference No.: 2008-900

2007

Spiwoks, M.; Hein, O. (2007)

Die Währungs-, Anleihen- und Aktienmarktprognosen des Zentrums für Europäische Wirtschaftsforschung – Eine empirische Untersuchung des Prognoseerfolges von 1995 bis 2004

In: AStA – Wirtschafts- und Sozialstatistisches Archiv, Bd. 1, H. 1, 2007, pp. 43-52

Category: Publications in journals

Reference No.: 2007-1081

Hein, O.; Schwind, M.; Spiwoks, M. (2007)

Frankfurt Artificial Stock Market: A Microscopic Stock Market Model with Heterogeneous Interacting Agents in Small-World Communication Networks

In: Journal of Economic Interaction and Coordination (JEIC); Spinger, Heidelberg

Category: Publications in scientific journals

Abstract

Reference No.: 2007-831

Hein, O.; Schwind, M.; Spiwoks, M. (2007)

Herding and Threshold Behavior within a Microscopic Stock Market

In: Workshop on Heterogeneous Agent Systems and Complex Networks (European Conference on Complex Systems, ECCS 2007); Dresden

Category: Proceedings

Reference No.: 2007-770

Hein, O.; Schwind, M.; Spiwoks, M. (2007)

Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices

In: Econophysics Colloquium and Beyond; Ancona, Italy

Category: Proceedings

Reference No.: 2007-633

Hein, O.; Schwind, M.; Spiwoks, M. (2007)

A Microscopic Stock Market Model with Heterogeneous Interacting Agents in Small-World Communication Networks

In: Chair of Business Administration, esp. Information Systems; JWG University Frankfurt

Category: Working papers [Password Protected Download] (Please contact the author)

Reference No.: 2007-595

2006

Spiwoks, M.; Bizer, K.; Hein, O. (2006)

Informational Cascades: A Mirage?

In: Journal of Economic Behavior and Organization

Category: Publications in scientific journals [Password Protected Download] (Please contact the author)

Reference No.: 2006-447

Hein, O.; Schwind, M.; König, W. (2006)

Scale-free Networks: The Impact of Fat Tailed Degree Distribution on Diffusion and Communication Processes

In: Wirtschaftsinformatik, 48 (4); Wiesbaden

Category: Publications in scientific journals

Abstract

Reference No.: 2006-297

Spiwoks, M.; Hein, O. (2006)

Die Währungs-, Anleihen- und Aktienmarktprognosen des Zentrums für Europäische Wirtschaftsforschung: Eine empirische Untersuchung des Prognoseerfolges von 1995 bis 2004

In: Allgemeines Statistisches Archiv (Journal of the German Statistical Society)

Category: Publications in journals [Password Protected Download] (Please contact the author)

Reference No.: 2006-108

Hein, O.; Schwind, M.; Spiwoks, M. (2006)

A Microscopic Currency Market Model with a modified Tobin Tax

In: Proceedings of 1st International Conference on Economic Sciences with Heterogeneous Interacting Agents, WEHIA 2006; Bologna, Italy

Category: Proceedings

Abstract

Reference No.: 2006-95

2005

Spiwoks, M.; Bizer, K.; Hein, O. (2005)

Informational Cascades in the Laboratory: Are These Merely a Fata Morgana?

In: Wolfsburg Working Papers; Fachhochschule Braunschweig / Wolfenbüttel

Category: Working papers

Abstract

Reference No.: 2005-299

Spiwoks, M.; Bizer, K.; Hein, O. (2005)

Anchoring Near the Lighthouse: Bond Market Analysts’ Behavior Co-ordination by External Signal

In: Wolfsburg Working Papers; Fachhochschule Braunschweig / Wolfenbüttel

Category: Working papers

Abstract

Reference No.: 2005-298

Spiwoks, M.; Hein, O. (2005)

Forecasting the Past: The Case of US-American Interest Rate Forecasts

In: Wolfsburg Working Papers; Wolfsburg University of Applied Sciences

Category: Working papers

Abstract

Reference No.: 2005-179

Hein, O.; Schwind, M.; Spiwoks, M. (2005)

A Microscopic Stock Market Model with Heterogeneous Interacting Agents in a Scale-Free Communication Network

In: 10th Annual Workshop on Economic Heterogeneous Interacting Agents (WEHIA 2005); Essex, UK

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2005-77

Hein, O.; Schwind, M. (2005)

Standardisierte Mikrosimulation eines Kapitalmarktes mit scale-free Netzwerken

In: 7. Internationale Tagung Wirtschaftsinformatik; Bamberg

Category: Proceedings

Reference No.: 2005-12

2004

Hein, O.; Schwind, M. (2004)

A Microscopic Stock Market Model with Heterogenoeus Interacting Agents in a Contagious Scale-Free Network

In: IWI-Working Paper in FINACE; IWI-Frankfurt

Category: Working papers [Password Protected Download] (Please contact the author)

Abstract

Reference No.: 2004-121

Presentations:

2008

21. June

Hein, O.

Evaluation of the Frankfurt Artificial Stock Market Order Book

In: 3st International Conference on Economic Sciences with Heterogeneous Interacting Agents (ESHIA'08); Warsaw, Poland

[Password Protected Download]

02. February

Hein, O.

Kommunikations-Netzwerk-Topologie und Marktverhalten

In: Forschungskolloquium; Würzburg

21. January

Hein, O.

Network Centralization and Stock Market Volatility: The Spatial Dimension of Trading

In: Jour Fixe am Fraunhofer Institut für Techno- und Wirtschaftsmathematik; Kaiserslautern

[Password Protected Download]

2007

04. October

Hein, O.

Network Centralization and Agent Type Performance: The Introduction of Retail Agents to the Frankfurt Artificial Stock Market

In: European Conference on Complex Systems 2007; Dresden

[Password Protected Download]

2006

18. December

Hein, O.

Netzwerkeffekte dynamischer Preisbildungsprozesse am Beispiel des Frankfurt Artificial Stock Markets (FASM)

In: Vortrag an der FH; Wolfsburg

[Password Protected Download]

16. June

Hein, O.

The Effectiveness of the Tobin-Cum-Circuit-Breaker-Tax within a Currency Market Simulation Model

In: 1st International Conference on Economic Sciences with Heterogeneous Interacting Agents, ESHIA 06; Bologna, Italy

[Password Protected Download]

25. March

Hein, O.

Netzwerkeffekte dynamischer Preisbildungsprozesse am Beispiel des Frankfurt Artificial Stock Markets (FASM)

In: Forschungskolloquium; König/Heinzel/Buxmann/Wendt; Roßdorf bei Darmstadt

2005

13. June

Hein, O.

Scale-Free Communication Networks within a Microscopic Stock Market

In: 10th Annual Workshop on Economic Heterogeneous Interacting Agents (WEHIA 2005); Essex, UK

04. April

Hein, O.

Netzwerkeffekte dynamischer Preisbildungsprozesse

In: Jour Fixe, Institut für Wirtschaftsinformatik; Frankfurt

[Password Protected Download]

Abstract
25. February

Hein, O.

Standardisierte Mikrosimulation eines Kapitalmarktes mit scale-free Netzwerken und Informationsansteckung

In: 7. Internationale Tagung für Wirtschaftsinformatik; Bamberg

[Password Protected Download]