Patience is a virtue - in value investing

Thorsten Hens, Klaus Reiner Schenk-Hoppé

This note illustrates a simple but important insight for financial investment. In a heterogeneous agent-based evolutionary finance market model with long-lived assets, markets are stable if clients of fundamental ('value') investment funds are more patient than clients of other funds

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Year of publication:	March 21, 2018
Authors:	Hens, Thorsten ; Schenk-Hoppé, Klaus Reiner
Publisher:	Geneva : Swiss Finance Institute
Subject:	Financial market stability \| delegated fund management \| investor patience \| agent-based modeling \| evolutionary finance \| Finanzmarkt \| Financial market \| Anlageverhalten \| Behavioural finance \| Agentenbasierte Modellierung \| Agent-based modeling \| Investmentfonds \| Investment Fund \| Kapitalmarkttheorie \| Financial economics \| Portfolio-Management \| Portfolio selection

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Extent:	1 Online-Ressource (circa 22 Seiten) Illustrationen
Series:	Research paper series / Swiss Finance Institute. - Geneva, ZDB-ID 2392286-2. - Vol. no 18, 26 Swiss Finance Institute Research Paper ; No. 18-26
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.3146848 [DOI]
Classification:	D53 - Financial Markets ; G18 - Government Policy and Regulation ; C63 - Computational Techniques
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011899600