We analyze the consequences of the presence of imitators in a financial market populated by boundedly rational speculators.We consider imitators that only look at the recent success of the available trading rules.We showthat the introduction of this kind of imitators makes the results more complicated but even more realistic. In particular, under some specific circumstances, imitators may stabilize an otherwise unstable market or, at the opposite, make unstable an otherwise stable scenario.

Come together: The role of cognitively biased imitators in a small scale agent-based financial market / Campisi, G.; Tramontana, F.. - (2020), pp. 69-88. [10.1007/978-981-15-3623-6_4]

Come together: The role of cognitively biased imitators in a small scale agent-based financial market

Campisi G.;
2020

Abstract

We analyze the consequences of the presence of imitators in a financial market populated by boundedly rational speculators.We consider imitators that only look at the recent success of the available trading rules.We showthat the introduction of this kind of imitators makes the results more complicated but even more realistic. In particular, under some specific circumstances, imitators may stabilize an otherwise unstable market or, at the opposite, make unstable an otherwise stable scenario.
2020
Games and Dynamics in Economics: Essays in Honor of Akio Matsumoto
978-981-15-3622-9
978-981-15-3623-6
Springer Singapore
Come together: The role of cognitively biased imitators in a small scale agent-based financial market / Campisi, G.; Tramontana, F.. - (2020), pp. 69-88. [10.1007/978-981-15-3623-6_4]
Campisi, G.; Tramontana, F.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/1237670
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