Search Results - subject:"Optimal selection principle"

Price and wealth asymptotic dynamics with CRRA technical trading strategies

Anufriev, Mikhail; Bottazzi, Giulio; Pancotto, Francesca - 2005

participants following a quasi-optimal selection principle. The same principle, however, implies the impossibility of defining a …

Persistent link: https://www.econbiz.de/10010328454

Price and Wealth Dynamics in a Speculative Market with an Arbitrary Number of Generic Technical Trading Strategies

Bottazzi, Giulio; Anufriev, Mikhail - Society for Computational Economics - SCE - 2005

We consider a simple pure exchange economy with two assets, one riskless, yielding a constant return, and one risky, paying a stochastic dividend, and we assume trading to take place in discrete time inside an endogenous price formation setting. Traders demand for the risky asset is expressed as...

Persistent link: https://www.econbiz.de/10005537477

Price and Wealth Asymptotic Dynamics with CRRA Technical Trading Strategies

Anufriev, Mikhail; Bottazzi, Giulio; Pancotto, Francesca - Laboratory of Economics and Management (LEM), Scuola … - 2004

participants following a quasi-optimal selection principle. The same principle, however, implies the impossibility of de ning a … preferences and expectations and show how a quasi-optimal selection principle endogenously characterizes the market self- 3 …

Persistent link: https://www.econbiz.de/10005481702