A model of financial market dynamics with heterogeneous beliefs and state-dependent confidence

DOI10.1007/S10614-008-9131-9zbMath1142.91473OpenAlexW2146218965MaRDI QIDQ943958

Carl Chiarella, Laura Gardini, Roberto Dieci, Lucia Sbragia

Publication date: 12 September 2008

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10453/9952

zbMATH Keywords

Bifurcation analysisHeterogeneous beliefsCoexisting attractorsFinancial market dynamics

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Dynamical systems in optimization and economics (37N40)

Related Items (1)

Localization of compact invariant sets of a new nonlinear finance chaotic system

Cites Work

• Equilibria in financial markets with heterogeneous agents: a probabilistic perspective
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• HETEROGENEOUS BELIEFS, RISK, AND LEARNING IN A SIMPLE ASSET-PRICING MODEL WITH A MARKET MAKER
• MEAN VARIANCE PREFERENCES, EXPECTATIONS FORMATION, AND THE DYNAMICS OF RANDOM ASSET PRICES
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