Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10011898401
Developing a model with a switching mechanism, we show how complex dynamics can be generated even though heterogeneity arises among agents with the same trading rules (fundamentalists). We assume that there are two experts which are imitated by other operators. We show that (i) market...
Persistent link: https://www.econbiz.de/10005685709