Demary, Markus - In: Jahrbücher für Nationalökonomie und Statistik 228 (2008) 2-3, pp. 228-250
Summary We propose a novel heterogeneous interacting agents model in which traders are allowed to select endogenously between two different forecasting models and are moreover allowed to be short-term speculators or long-term investors. Within this model framework we study the effects of...
