LAMBA, HARBIR; SEAMAN, TIM - In: International Journal of Theoretical and Applied … 11 (2008) 07, pp. 717-737
We continue an investigation into a class of agent-based market models that are motivated by a psychologically-plausible form of bounded rationality. Some of the agents in an otherwise efficient hypothetical market are endowed with differing tolerances to the tension caused by being in the...