When a financial crisis breaks out, speculators typically get the blame whereas fundamentalists are presented as the …: short-term speculators and long-term fundamentalists, both sharing the same information set. In this framework, excess … few speculators than with many speculators. Regulators should therefore be aware that efforts to limit speculation might …

When a financial crisis breaks out, speculators typically get the blame whereas fundamentalists are presented as the …: short-term speculators and long-term fundamentalists, both sharing the same information set. In this framework, excess … a few speculators than with many speculators. Regulators should therefore be aware that efforts to limit rational …

We model a scenario in which there are three types of investors: fundamentalists, speculators, and trend-followers and … an intermediary who cares about his reputation. Fundamentalists are rational investors with long horizons who are … interested in the dividend stream. Speculators are rational investors who have short horizons and are interested in profiting …

We model a scenario in which there are three types of investors: fundamentalists, speculators, and trend-followers and … an intermediary who cares about his reputation. Fundamentalists are rational investors with long horizons who are … interested in the dividend stream. Speculators are rational investors who have short horizons and are interested in profiting …

results indicate that the risk tolerance of fundamentalists and the relative funding rate of positive‐feedback traders versus … fundamentalists are key factors determining the path of price fluctuations. Fundamentalists are more able to dominate the market when …‐feedback traders face higher funding costs compared to fundamentalists. Our model suggests that fundamentalists cause heavier tails …

clustering. Our results indicate that the risk tolerance of fundamentalists and the relative funding rate of positive …-feedback traders versus fundamentalists are key factors determining the path of price fluctuations. Fundamentalists are more able to … positive-feedback traders face higher funding costs compared to fundamentalists. Our model suggests that fundamentalists cause …

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 …