Evolutionary stable stock markets (Q2580974): Difference between revisions
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Revision as of 07:39, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Evolutionary stable stock markets |
scientific article |
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Evolutionary stable stock markets (English)
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10 January 2006
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A discrete time stock market model for the time evolution of history-dependent wealth shares of portfolio rules, the price of consumption goods, is studied involved long lived assets and cash with dividends. Evolutionary stable and local stable portfolio rules are described when the market is invaded. Under the assumption of the relative dividend being a stationary Markov process, sufficient condition for stability and for instability are given.
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Evolutionary finance
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Portfolio
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Imcomplete markets
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