The authors analyze financial interactions between fundamentalists and chartists within a heterogeneous agent model …, focusing on the role of fundamentalists stabilizing prices. In contrast to related studies, which are based on simulations and … calculations, they analytically prove that the presence of fundamentalists is not sufficient to avoid asset price bubbles. The …

reaction coefficient of the fundamentalists, the extrapolation rate of the chartists and the lag length used for the MA. By …

the interaction between rational fundamentalists and trend following imitative noise traders. The interactions and opinion … into a given asset, which then impels fundamentalists to re-equilibrate their more valuable portfolios that have become … identified a mechanism by which the cautious risk-adverse contrarian rebalancing strategy of fundamentalists leads to systemic …

Using an agent-based model (ABM) with fundamentalists and chartists, prone to develop bubbles and crashes, we … bubbles, the policy maker behaves similarly to the fundamentalists and his impact is negligible, following the principle of … traders, from 0.6 to 0.8 for fundamentalists as the market impact of the policy maker increases to the level of the …