We develop an agent-based financial market model in which agents follow technical and fundamental trading rules to determine their speculative investment positions. A central feature of our model is that we consider direct interactions between speculators due to which they may decide to change...

Information is the global currency of today and nowhere is it more true than in financial markets. Specialized agencies like Reuters, Bloomberg and Dow Jones invest large sums to develop the fastest, most accurate and most reliable systems of delivering thousands of news every day to investors...

Earning forecasts disclosed by financial analysts are known to be overly optimistic. Since an investor relies on their expertise, the question arises whether he would take analyst recommendations at face value or instead structure consultation with differently upward-biased analysts in a way...