Vácha, Lukáš; Barunik, Jozef; Vošvrda, Miloslav - In: Prague Economic Papers 2009 (2009) 3, pp. 209-219
In this paper we extend the original heterogeneous agent model by introducing smart traders and changes in agents' sentiment. The idea of smart traders is based on the endeavor of market agents to estimate future price movements. By adding smart traders and changes in sentiment we try to improve...