Schizophrenic Representative Investors

Representative investors whose behavior is modeled by a deterministic finite automaton generate complexity both in the time series of each asset and in the cross-sectional correlation when the rule governing their behavior is schizophrenic, meaning the investor holds multiple seemingly contradictory beliefs simultaneously, either by switching between two different rules at each time step, or computing different responses to different assets

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Year of publication:	2013
Authors:	Maymin, Philip
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Anlageverhalten \| Behavioural finance \| Kapitalanlage \| Financial investment

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Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Complex Systems (2013), Vol. 22, No. 1, pp. 61-73 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 16, 2013 erstellt
Other identifiers:	10.2139/ssrn.1596215 [DOI]
Classification:	G10 - General Financial Markets. General ; G12 - Asset Pricing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013094815