A model of financial pyramid with quasi-rational participants

DOI10.1134/S0965542523030089zbMath1514.91223OpenAlexW4367662936MaRDI QIDQ6043529

Nikolai S. Kukushkin

Publication date: 23 May 2023

Published in: Computational Mathematics and Mathematical Physics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1134/s0965542523030089

zbMATH Keywords

fixed pointbounded rationalitymaximin principlefinancial pyramid

Mathematics Subject Classification ID

Actuarial science and mathematical finance (91G99)

Cites Work

• Introduction to economic theory of bubbles. II
• Introduction to economic theory of bubbles
• Injecting rational bubbles
• Information, trade and common knowledge
• Rational panics and stock market crashes.
• The simplest rational greater-fool bubble model
• Uncertainty, risk-neutral measures and security price booms and crashes
• The Bubble Game: An Experimental Study of Speculation
• On the Possibility of Speculation under Rational Expectations
• Growth cycles and market crashes

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