Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10009633323
In recent years, a growing literature has claimed that the market microstructure is sufficient to generate the so-called stylized facts without any reference to the behaviour of market players. Indeed, qualitative stylized-facts can be generated with zero-intelligence traders (ZITs) but we...
Persistent link: https://www.econbiz.de/10010999168