A behavioral stock market model
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LΓ‘szlΓ³ GerencsΓ©r; ZalΓ‘n MΓ‘tyΓ‘s
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Article
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2007
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Springer
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English
β 339 KB
Stock exchanges are modeled as nonlinear closed-loop systems wherethe plant dynamics is defined by known stock market regulations and the actions ofagents are based on their beliefs and behavior. The decision of the agents may containa random element, thus we get a nonlinear stochastic feedback syst