| bibtype |
C -
Conference Paper (international conference)
|
| ARLID |
0410622 |
| utime |
20240103182227.1 |
| mtime |
20060210235959.9 |
| ISBN |
80-245-0196-1 |
| title
(primary) (eng) |
Bifurcation routes in financial markets |
| publisher |
| place |
Praha |
| name |
VŠE |
| pub_time |
2001 |
|
| specification |
|
| serial |
| title
|
Proceedings of the 19th International Conference on Mathematical Methods in Economics 2001 |
| page_num |
199-205 |
| editor |
|
|
| keyword |
heterogeneity of expectations |
| keyword |
adaptive belief systems |
| keyword |
forecasting rules |
| author
(primary) |
| ARLID |
cav_un_auth*0101230 |
| name1 |
Vošvrda |
| name2 |
Miloslav |
| institution |
UTIA-B |
| full_dept |
Department of Econometrics |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| COSATI |
12B |
| COSATI |
05D |
| cas_special |
| project |
| project_id |
GA402/00/0136 |
| agency |
GA ČR |
| ARLID |
cav_un_auth*0212804 |
|
| project |
| project_id |
GA402/01/0034 |
| agency |
GA ČR |
| ARLID |
cav_un_auth*0008950 |
|
| project |
| project_id |
GA402/01/0539 |
| agency |
GA ČR |
| ARLID |
cav_un_auth*0008959 |
|
| research |
AV0Z1075907 |
| abstract
(eng) |
The heterogeneity of expectations among traders introduces an important non-linearity into the financial markets. In a series of papers, Brock and Hommes, propose to model economic and financial markets as adaptive belief systems. Asset price fluctuations in adaptive belief systems are characterized by phases of close-to-the-fundamental-price fluctuations, phases of optimism where most agents follow an upward price trend, and phases of pessimism with small or large market crashes. |
| action |
| ARLID |
cav_un_auth*0212803 |
| name |
International Conference Mathematical Methods in Economics 2001 /19./ |
| place |
Hradec Králové |
| country |
CZ |
| dates |
05.09.2001-07.09.2001 |
|
| RIV |
BB |
| department |
E |
| permalink |
http://hdl.handle.net/11104/0130711 |
| ID_orig |
UTIA-B 20010091 |
| arlyear |
2001 |
| mrcbU10 |
2001 |
| mrcbU10 |
Praha VŠE |
| mrcbU12 |
80-245-0196-1 |
| mrcbU63 |
Proceedings of the 19th International Conference on Mathematical Methods in Economics 2001 199 205 |
| mrcbU67 |
Dlouhý M. 340 |
|