In this paper we study the price dynamics in a simple model of financial markets with heterogeneous-agents. We concentrate on how increase in the total number of active traders influences on fluctuations of asset prices. We find that a curious route to chaos is observed when the total number of acti
โฆ LIBER โฆ
A Model of Financial Markets with Endogenously Correlated Rational Beliefs
โ Scribed by Hiroyuki Nakata
- Publisher
- Springer
- Year
- 2005
- Tongue
- English
- Weight
- 216 KB
- Volume
- 30
- Category
- Article
- ISSN
- 0938-2259
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A telomian-beagle hybrid has been studied as a possible model for the hyperkinetic syndrome in children. Behavior tests showed that hybrids, like children, exhibit hyperactivity, impulsiveness, and impaired learning. Two groups of hybrid could be differentiated; the behaviour of one improved after a