Behavior of Investors on a Multi-Asset Market
نویسندگان
چکیده
منابع مشابه
Asset Allocation Behavior of Institutional Investors in Money Market Securities
The behavior of institutional investors in money market securities, as exemplified by changes in assets allocated to money market mutual funds, is examined using a unique transaction data set and partial adjustment framework in order to validate fund managers and traders expectations. Individual transaction data is aggregated and separated into a low and high frequency component. The low freque...
متن کاملAsset Market and Consumption Dynamics with Adaptive Investors¤
This paper is the ...rst attempt of applying the Easley Rustichini (Econometrica, 1999, 5) Replicator dynamics framework to simple one-period security markets, with a ...nite set of actions for traders. In two and three action environments, the examples developed here show that even with very simple (objective) state spaces and straightforward Replicator Dynamics, prices may not necessarily con...
متن کاملa study on insurer solvency by panel data model: the case of iranian insurance market
the aim of this thesis is an approach for assessing insurer’s solvency for iranian insurance companies. we use of economic data with both time series and cross-sectional variation, thus by using the panel data model will survey the insurer solvency.
Asset Prices and Institutional Investors∗
Empirical evidence indicates that trades by institutional investors have sizable effects on asset prices, generating phenomena such as index effects, asset-class effects and others. It is difficult to explain such phenomena within standard representative-agent asset pricing models. In this paper, we consider an economy populated by institutional investors alongside standard retail investors. In...
متن کاملAsset prices, traders’ behavior and market design
The dynamics of a financial market with heterogeneous agents are analyzed under different market architectures. We start with a tractable behavioral model under Walrasian market clearing and simulate it under different trading protocols. The key behavioral feature of the model is the switching by agents between simple forecasting rules on the basis of a fitness measure. By analyzing the dynamic...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1425000