Fernandez-Rodriguez, Fernando; Garcia-Artiles, Maria-Dolores - In: Applied Mathematical Finance 9 (2002) 3, pp. 143-161
An asset pricing model for a speculative financial market with fundamentalists and chartists is analysed. The model explains bursts of volatility in financial markets, which are not well explained by the traditional finance paradigms. Speculative bubbles arise as a complex non-linear dynamic...