fundamentalists and chartists. In order to investigate the dynamics of expectations of fundamentalists and chartists over time we …, chartists in comparison with fundamentalists more strongly believe the stocks’ co-movements. We also found that in a bull market … (booming period), the optimism of fundamentalists and chartists about the similarity of stocks’ performance diverge from each …

markets are largely unobservable. We take an estimation perspective to obtain daily time series of fractions of chartists and … fundamentalists among market participants. We estimate the heterogeneous agent-based financial market model introduced by Lux and … frequency is yearly. We find support for Boswijk et al.’s key finding of a large fraction of chartists during the end of 1990s …

heterogeneous agents and stability impact of lagged price information used by chartists to form their expectations. For the … chartists on market stability. For the stochastic model, we demonstrate that the model is able to display various market …

adaptive behaviour of heterogeneous agents and market stability impact of lagged price used by chartists to form their … used by the chartists on market stability. For the stochastic model, we demonstrate that the interaction and boundedly …

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 …