Guy Maugis, Pierre-André - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-43, pp. 1-9
The author studies the evolution of the number of coexisting beliefs in a financial market. Crucially, he undertakes to do so in a framework where the paradigms, beliefs, and models driving agents behavior are left totally unspecified; i.e., the author does not make any parametric or...