Market Dynamics When Agents Anticipate Correlation Breakdown
نویسندگان
چکیده
منابع مشابه
Market Dynamics When Agents Anticipate Correlation Breakdown
The aim of this paper is to analyse the effect introduced in the dynamics of a financial market when agents anticipate the occurrence of a correlation breakdown.What emerges is that correlation breakdowns can act both as a consequence and as a triggering factor in the emergence of financial crises rational bubbles. We propose a market with two kinds of agents: speculators and rational investors...
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ژورنال
عنوان ژورنال: Discrete Dynamics in Nature and Society
سال: 2011
ISSN: 1026-0226,1607-887X
DOI: 10.1155/2011/959847