The paper is concerned with an implementation of behavioral aspects of a heterogeneous agents model (HAM) with the worst out algorithm (WOA). The WOA replaces periodically the trading strategies that have the lowest performance level of all strategies presented on the market by the new ones. The...

We analyze a discrete version of a simple Kaldor model. As is typical for Kaldor model we consider an S shaped investment function. This leads to either a one or three equilibria of the model. For simplicity reasons we do not consider an S shape saving function as assumed in the original Kaldor...