More hedging instruments may destabilize markets

DOI10.1016/j.jedc.2009.05.004zbMath1178.91062WikidataQ29305973 ScholiaQ29305973MaRDI QIDQ1032688

Cars H. Hommes, William A. Brock, Florian O. O. Wagener

Publication date: 26 October 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://cendef.uva.nl/binaries/content/assets/subsites/amsterdam-school-of-economics/amsterdam-school-of-economics-research-institute/cendef/working-papers-2006/brohomwag.pdf?1417181713282

zbMATH Keywords

asset pricing; hedging; bifurcations; reinforcement learning; financial innovation

Mathematics Subject Classification ID

91B24: Microeconomic theory (price theory and economic markets)

91G20: Derivative securities (option pricing, hedging, etc.)

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