Rheinlaender, Thorsten; Steinkamp, Marcus - In: Studies in Nonlinear Dynamics & Econometrics 8 (2007) 4, pp. 1111-1111
In a heterogenous agents framework, we study a randomized version of Zeeman's market model with fundamental and momentum traders. Using methods from random dynamical systems theory, we examine convergence properties of invariant measures which correspond to market equilibria. It turns out that...