Team

Prof. Dr. Oliver Hein

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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

Reviewed only Go

2012

Hein, Oliver; Schwind, Michael; Spiwoks, Markus
Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices
In: Journal of Finance and Investment Analysis; (1:1)

Reference No. 2012-2005

2011

Gubaydullina, Z; Hein, Oliver; Spiwoks, Markus
The Status Quo Bias of Bond Market Analysts
In: Journal of Applied Finance and Banking; Bd. 1, H. 1, pp. 31-51

Reference No. 2011-1928

2010

Spiwoks, Markus; Bedke, Niels; Hein, Oliver
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

Reference No. 2010-1859

2009

Spiwoks, Markus; Bedke, Niels; Hein, Oliver
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 ;

Reference No. 2009-1459

2008

Spiwoks, Markus; Bizer, Kilian; Hein, Oliver
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;

Reference No. 2008-1442
Spiwoks, Markus; Bedke, Niels; Hein, Oliver
Forecasting the past: The case of U.S. interest rate forecasts
In: Financial Markets and Portfolio Management ; Spinger, Heidelberg

Reference No. 2008-1059
Hein, Oliver
Evaluation of the Frankfurt Artificial Stock Market Order Book
In: International Conference on Economic Science with Heterogeneous Interacting Agents 2008; Warsaw University of Technology

Reference No. 2008-1013
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices
In: Chair of Business Administration, esp. Information Systems ; JWG University Frankfurt
[Data]
Reference No. 2008-900

2007

Spiwoks, Markus; Hein, Oliver
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;

Reference No. 2007-1081
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
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

Reference No. 2007-831
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
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
[Data]
Reference No. 2007-770
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices
In: Econophysics Colloquium and Beyond ; Ancona, Italy
[Data]
Reference No. 2007-633
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
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
[Data]
Reference No. 2007-595

2006

Spiwoks, Markus; Bizer, Kilian; Hein, Oliver
Informational Cascades: A Mirage?
In: Journal of Economic Behavior and Organization;
[Data]
Reference No. 2006-447
Hein, Oliver; Schwind, Michael; König, Wolfgang
Scale-free Networks: The Impact of Fat Tailed Degree Distribution on Diffusion and Communication Processes
In: Wirtschaftsinformatik, 48 (4); Wiesbaden

Reference No. 2006-297
Spiwoks, Markus; Hein, Oliver
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);
[Data]
Reference No. 2006-108
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
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

Reference No. 2006-95

2005

Spiwoks, Markus; Bizer, Kilian; Hein, Oliver
Informational Cascades in the Laboratory: Are These Merely a Fata Morgana?
In: Wolfsburg Working Papers; Fachhochschule Braunschweig / Wolfenbüttel
[Data]
Reference No. 2005-299
Spiwoks, Markus; Bizer, Kilian; Hein, Oliver
Anchoring Near the Lighthouse: Bond Market Analysts’ Behavior Co-ordination by External Signal
In: Wolfsburg Working Papers; Fachhochschule Braunschweig / Wolfenbüttel
[Data]
Reference No. 2005-298
Spiwoks, Markus; Hein, Oliver
Forecasting the Past: The Case of US-American Interest Rate Forecasts
In: Wolfsburg Working Papers; Wolfsburg University of Applied Sciences
[Data]
Reference No. 2005-179
Hein, Oliver; Schwind, Michael; Spiwoks, Markus
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
[Data]
Reference No. 2005-77
Hein, Oliver; Schwind, Michael
Standardisierte Mikrosimulation eines Kapitalmarktes mit scale-free Netzwerken
In: 7. Internationale Tagung Wirtschaftsinformatik; Bamberg

Reference No. 2005-12

2004

Hein, Oliver; Schwind, Michael
A Microscopic Stock Market Model with Heterogenoeus Interacting Agents in a Contagious Scale-Free Network
In: IWI-Working Paper in FINACE; IWI-Frankfurt
[Data]
Reference No. 2004-121

Presentations

2008

21. June

Evaluation of the Frankfurt Artificial Stock Market Order Book
In: 3st International Conference on Economic Sciences with Heterogeneous Interacting Agents (ESHIA'08) ; Warsaw, Poland

02. February

Kommunikations-Netzwerk-Topologie und Marktverhalten
In: Forschungskolloquium; Würzburg

21. January

Network Centralization and Stock Market Volatility: The Spatial Dimension of Trading
In: Jour Fixe am Fraunhofer Institut für Techno- und Wirtschaftsmathematik; Kaiserslautern

2007

04. October

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

2006

18. December

Netzwerkeffekte dynamischer Preisbildungsprozesse am Beispiel des Frankfurt Artificial Stock Markets (FASM)
In: Vortrag an der FH; Wolfsburg

16. June

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

25. March

Netzwerkeffekte dynamischer Preisbildungsprozesse am Beispiel des Frankfurt Artificial Stock Markets (FASM)
In: Forschungskolloquium; König/Heinzel/Buxmann/Wendt; Roßdorf bei Darmstadt

2005

13. June

Scale-Free Communication Networks within a Microscopic Stock Market
In: 10th Annual Workshop on Economic Heterogeneous Interacting Agents (WEHIA 2005); Essex, UK

04. April

Netzwerkeffekte dynamischer Preisbildungsprozesse
In: Jour Fixe, Institut für Wirtschaftsinformatik; Frankfurt

25. February

Standardisierte Mikrosimulation eines Kapitalmarktes mit scale-free Netzwerken und Informationsansteckung
In: 7. Internationale Tagung für Wirtschaftsinformatik; Bamberg