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.
Pubblicazioni consigliate
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris
