Complexity with Heterogeneous Fundamentalists and a Multiplicative Price Mechanism

Complexity with Heterogeneous Fundamentalists and a Multiplicative Price Mechanism Abstract In contrast with the canonical models of financial markets with heterogeneous agents,, Naimzada and Ricchiuti, (2008, 2009) show that the interaction of groups of agents who have the same trading rule but present different beliefs about the fundamental value could be a source of instability.…

Publications

Pubblications in English Pubblications in Italian Publications in English Gori M. and Ricchiuti G., (2017) `A Dynamic Exchange Rate Model with Heterogenous Agents’, Journal of Evolutionary Economics, forthcoming Bertoni E. and Ricchiuti G., (2017) `A Multilevel Analysis of the Unemployment in Egypt’, LABOUR: Review of Labour Economics and Industrial Relations, Volume 31, Issue 4 December…