Chaotic behaviour in speculative markets
An asset price model of speculative financial market with fundamentalists and chartists is analyzed. Our model explains bursts of volatility in financial markets, which are not well explained by the traditional finance paradigms, as we will show. Depending on the time lag in the formation of char...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
ASEPUMA. Asociación Española de Profesores Universitarios de Matemáticas aplicadas a la Economía y a la Empresa
2001-01-01
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| Series: | Rect@ |
| Subjects: | |
| Online Access: | http://urls.my/a2nufl |