Limitations of stabilizing effects of fundamentalists: facing positive feedback traders
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DOI: 10.5018/economics-ejournal.ja.2019-44
Abstract: Abstract The authors analyze financial interactions between chartists with bounded leverage and fundamentalists within a heterogeneous agent model, focusing on the role of fundamentalists to stabilize prices. While many related studies are solely based on… read more here.
Keywords: feedback traders; positive feedback; limitations stabilizing; feedback ... See more keywords