We present a behavioral stock market model in which traders are driven by greed and fear. In general, the agents optimistically believe in rising markets and thus buy stocks. But if stock prices change too abruptly, they panic and sell stocks. Our model mimics some stylized facts of stock market dyn
Fear and its implications for stock markets
β Scribed by I. Simonsen; P. T.H. Ahlgren; M. H. Jensen; R. Donangelo; K. Sneppen
- Book ID
- 111622217
- Publisher
- Springer
- Year
- 2007
- Tongue
- English
- Weight
- 236 KB
- Volume
- 57
- Category
- Article
- ISSN
- 1434-6036
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