Results 271 to 280 of about 432,033 (303)

Smart predictors in the heterogeneous agent model

Journal of Economic Interaction and Coordination, 2009
We extend the original heterogeneous agent model by introducing the concept of smart traders. The idea of smart traders is based on the endeavor of market agents to estimate future price movements. The main result of the simulations is that the probability distribution functions of the price deviations change significantly with an increasing number of ...
Jozef Barunik, Lukas Vacha, Miloslav Vosvrda   +2 more
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Speculative Dynamics in a Heterogeneous-Agent Model

2001
This paper proposes a model of a stock market which is composed of three different types of traders: fundamentalists, chartists, and noise traders. We investigate the speculative price dynamics though the simulation, andsho w that a non-stationary chaos that is considered as speculative bubble is causedb y the heterogeneity of traders' strategies ...
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Determinacy of Equilibrium in an Overlapping Generations Model with Heterogeneous Agents

Journal of Economic Theory, 2001
Wellappointed with references to the existing literature and with interpretations of the obtained results the authors study the local determinacy properties of equilibrium paths for positive bequest and capital in economies with both altruistic and nonaltruistic dynasties.
Carine Nourry, Alain Venditti
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A Model of Distributed Markets with Heterogeneous Agents

2003
We consider a model of heterogeneous, inductive rational agents, who interact through an aggregate, collective variable, and act on a finite system of local markets, where they play the Minority Game (MG). The markets have their local histories. Any agent at any time can play only on a single local market, but over time they may change the market ...
T. Płatkowski, M. Ramsza
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Heterogeneous Agent Models in Finance

2018
This chapter surveys the state-of-art of heterogeneous agent models (HAMs) in finance using a jointly theoretical and empirical analysis, combined with numerical analysis from the latest development in computational finance. It provides supporting evidence on the explanatory power of HAMs to various stylized facts and market anomalies through model ...
Dieci, Roberto, He, Xue-Zhong
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Modeling Financial Markets with Heterogeneous Agents

2013
I construct a dynamic equilibrium model of storable commodities populated by producers, dealers, and households. When financial innovation allows households to trade in futures markets, they choose a long position that leads to lower equilibrium excess returns on futures, a more frequently upward-sloping futures curve, and higher volatility in futures ...
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Predicting and decomposing why representative agent and heterogeneous agent models sometimes diverge

Economic Modelling, 2021
Trevor S Gallen
exaly  

Approximate Aggregation in Heterogeneous-Agent Models [PDF]

, 2009
of the model solutions with a reduced set of state variables.
openaire  

Consensus of second-order heterogeneous multi-agent systems with and without input saturation

ISA Transactions, 2022
Jie Wu, Xisheng Zhan, Tao Han
exaly  

Models with Heterogeneous Agents

2020
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