Spelling suggestions: "subject:"endogenous price fluctuations"" "subject:"endogenous price tluctuations""
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Adaptive beliefs and the volatility of asset pricesGaunersdorfer, Andrea January 2000 (has links) (PDF)
I present a simple model of an evolutionary financial market with heterogeneous agents, based on the concept of adaptive belief systems introduced by Brock and Hommes (1997a). Agents choose between different forecast rules based on past performance, resulting in an evolutionary dynamics across predictor choice coupled to the equilibrium dynamics. The model generates endogenous price fluctuations with similar statistical properties as those observed in real return data, such as fat tails and volatility clustering. These similarities are demonstrated for data from the British, German, and Austrian stock market. (author's abstract) / Series: Working Papers SFB "Adaptive Information Systems and Modelling in Economics and Management Science"
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Essays on Agricultural and Financial Markets in PakistanChaudhry, Muhammad Imran January 2016 (has links)
No description available.
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