Evolutionary dynamics in markets with many trader types

Article Abstract:

The dynamical behavior of heterogeneous markets with many trader types is analyzed. Stability, bifurcation routes to instability and strange attractors in a simple evolutionary financial market model are examined. It is concluded that a large evolutionary system may become unstable and complicated when agents become sensitive to small differences.

Bifurcation theory

---

Equilibria in financial markets with heterogeneous agents: a probabilistic perspective

Article Abstract:

Financial market models, in which agents form their demand for an asset on the basis of their forecasts of future prices, are analyzed.

Stochastic processes

---

Evolutionary finance: introduction to the special issue

Article Abstract:

The details of research papers on evolutionary finance are discussed.

Science & research, Research, Financial analysis

Similar abstracts:

• Abstracts: Equilibrium analysis in financial markets with countably many securities. Evolutionary stability of portfolio rules in incomplete markets
• Abstracts: Risk sharing within the United States: What do financial markets and fiscal federalism accomplish? Econometric issues in estimating consumer preferences from stated preference data: A case study of the value of automobile travel time
• Abstracts: Game contingent claims in complete and incomplete markets. A strategic market game with limit prices. Convergence to competitive equilibria and elimination of no-trade (in a strategic market game with limit prices)
• Abstracts: Asset equilibria in Lp spaces with complete markets: a duality approach. Is intertemporial choice theory testable?
• Abstracts: A fractal forecasting model for financial time series. The importance of interest rates for forecasting the exchange rate

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.