Amir, Rabah; Evstigneev, Igor’ V.; Schenk-Hoppé, Klaus R. - 2009
The paper examines a game-theoretic model of a
nancial market inwhich asset prices are determined endogenously in terms of short-runequilibrium. Investors use general, adaptive strategies depending onthe exogenous states of the world and the observed history of thegame. The main goal is to...