Tramontana, Fabio; Westerhoff, Frank; Gardini, Laura - In: Mathematics and Computers in Simulation (MATCOM) 108 (2015) C, pp. 16-40
We present a simple financial market model with interacting chartists and fundamentalists. Since some speculators only become active when a certain misalignment level has been crossed, the model dynamics is driven by a discontinuous piecewise linear map. Recent mathematical techniques allow a...