with that, rationally allocating investment resources. The proposed system is based on the adequate portfolio model …The stochastic nature of investment process implies that it should be treated not unambiguously. Instead of … concentrating only on possible return, it is worth analysing three parameters when we discuss the future investment results. These …

and used a new model with continuous double auction markets, stylized trading agents, and two kinds of portfolio trading … agents. Both portfolio trading agents had trading strategies incorporating Markowitz’s portfolio optimization. Additionally …, one type of portfolio trading agent was under regulation. From the simulations, we found that portfolio optimization as …

provide for new investment. This feedback effect from the financial market to the investment decision gives rise to trading … is sometimes desirable for price informativeness and investment efficiency, but speculators’ incentives push in the …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …