The Dynamics of Speculative Behaviour
A number of recent emirical studies cast some doubt on the random walk theory of asset prices and suggest these display significant transitory components and complex chaotic motion. This paper analyses a model of fundamentalists and chartists which can generate a number of dynamic regimes which are compatible with the recent empirical evidence
Year of publication: |
[2006]
|
---|---|
Authors: | Chiarella, Carl |
Publisher: |
[2006]: [S.l.] : SSRN |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Chiarella, Carl, (2014)
-
Röthig, Andreas, (2006)
-
Stabilizing an unstable economy: on the choice of proper policy measures
Asada, Toichiro, (2009)
- More ...