The invisible hand and the rational agent are behind bubbles and crashes

DOI10.1016/J.CHAOS.2016.03.011zbMath1410.91340arXiv1601.02990OpenAlexW2232848979MaRDI QIDQ508310

Serge Galam

Publication date: 10 February 2017

Published in: Chaos, Solitons and Fractals (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1601.02990

zbMATH Keywords

invisible handbubblesrational agentsociophysicschoice dynamicscrashes

Mathematics Subject Classification ID

Social networks; opinion dynamics (91D30) Economic growth models (91B62) Actuarial science and mathematical finance (91G99)

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Cites Work

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• Modelling and measuring the irrational behaviour of agents in financial markets: discovering the psychological soliton
• Self-fulfilling prophecies
• SOCIOPHYSICS: A REVIEW OF GALAM MODELS
• A THRESHOLD MODEL FOR STOCK RETURN VOLATILITY AND TRADING VOLUME

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