In this paper we study the adaptive rational equilibrium dynamics in a simple asset pricing model introduced by Brock and Hommes (System Dynamics in Economic and Financial Models, Wiley, Chichester, 1997, pp. 3}44; Journal of Economic Dynamics and Control, 22, 1998, 1235}1274). Traders have heteroge
Agent-based model with heterogeneous fundamental prices
✍ Scribed by Fernando F. Ferreira; Viviane M. de Oliveira; Antônio F. Crepaldi; Paulo R.A. Campos
- Publisher
- Elsevier Science
- Year
- 2005
- Tongue
- English
- Weight
- 298 KB
- Volume
- 357
- Category
- Article
- ISSN
- 0378-4371
No coin nor oath required. For personal study only.
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