Loss Aversion, Adaptive Beliefs, and Asset Pricing Dynamics
We study asset pricing dynamics in artificial financial markets model. The financial market is populated with agents following two heterogeneous trading beliefs, the technical and the fundamental prediction rules. Agents switch between trading rules with respect to their past performance. The agents...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Asia University
2015-01-01
|
| Series: | Advances in Decision Sciences |
| Online Access: | http://dx.doi.org/10.1155/2015/971269 |