On the Role of Memory in an Asset Pricing Model with Heterogeneous Beliefs
The paper discusses the role of memory in an asset pricing model with heterogeneous beliefs. In particular, we were interested in how memory in the fitness measure affects the stability of evolutionary adaptive systems and the survival of technical trading. In order to obtain an insight into this ma...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2008-06-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://www.ijf.hr/eng/FTP/2008/2/verbic.pdf |