Asset price bubbles and crashes with near-zero-intelligence traders

DOI10.1007/S00199-004-0570-9zbMath1089.91044OpenAlexW1978627992MaRDI QIDQ818533

M. Utku Ünver, John Duffy

Publication date: 21 March 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-004-0570-9

zbMATH Keywords

Agent-based modelsDouble auctionExperimental economics.

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Impact of value-at-risk models on market stability ⋮ Linking agent-based models and stochastic models of financial markets ⋮ Varieties of agents in agent-based computational economics: a historical and an interdisciplinary perspective ⋮ Do stylised facts of order book markets need strategic behaviour? ⋮ Over-the-counter versus double auction in asset markets with near-zero-intelligence traders

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