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We present a stock market model that quantitatively replicates the joint behavior of stock prices, trading volume and investor expectations. Stock prices in the model occasionally display belief-driven boom and bust cycles that delink asset prices from fundamentals and redistribute considerable...
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We investigate the effects of a Financial Transaction Tax (FTT) in an order-driven artificial financial market. FTTs …-series. We find largely positive effects of the FTT for small tax rates. Additionally, for large tax rates we find the effects …
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