Strategies of Survival in Dynamic Asset Market Games

The paper examines a game-theoretic evolutionary model of a -nancial market with endogenous equilibrium asset prices. Assetspay dividends that are partially consumed and partially rein-vested. The traders use general, adaptive strategies (portfoliorules), distributing their wealth between assets, depending onthe exogenous states of the world and the observed history ofthe game.[...]

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Year of publication:	2008-11-01
Authors:	Evstigneev, Igor’ V. ; Amir, Rabah ; Xu, Le
Institutions:	Swiss National Centre of Competence in Research North South <Bern>
Subject:	Finanzierung \| finance \| Stochastisches Spiel \| Dynamisches Spiel \| advice

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Extent:	228352 bytes 26 p. application/pdf
Series:	FINRISK Working Paper Series Working Paper No. 507
Type of publication:	Book / Working Paper
Language:	English
Classification:	C73 - Stochastic and Dynamic Games ; D52 - Incomplete Markets ; G11 - Portfolio Choice ; Subject matter and research method of business administration ; Strategic management ; Financial theory ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868839