Speculative behavior and chaotic asset price dynamics: on the emergence of a bandcount accretion bifurcation structure
DOI10.3934/dcdsb.2021117zbMath1482.37105MaRDI QIDQ2238317
Anastasiia Panchuk, Frank H. Westerhoff
Publication date: 1 November 2021
Published in: Discrete and Continuous Dynamical Systems. Series B (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.3934/dcdsb.2021117
financial markets; asset price dynamics; bandcount accretion bifurcation structure; cartists and fundamentalists; contact bifurcation for critical points; multiband chaotic attractors
91B24: Microeconomic theory (price theory and economic markets)
91B26: Auctions, bargaining, bidding and selling, and other market models
37N40: Dynamical systems in optimization and economics
37G35: Dynamical aspects of attractors and their bifurcations
91B55: Economic dynamics
39A60: Applications of difference equations
39A28: Bifurcation theory for difference equations
Cites Work
- Symmetry breaking in a bull and bear financial market model
- The dynamics of speculative behaviour
- The impact of short-selling constraints on financial market stability in a heterogeneous agents model
- Commodity markets, price limiters and speculative price dynamics
- The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: a behavioral finance approach
- Financial crises and interacting heterogeneous agents
- More hedging instruments may destabilize markets
- On the unstable behaviour of stock exchanges
- Heterogeneous beliefs and routes to chaos in a simple asset pricing model
- On the bimodality of the distribution of the S\&P 500's distortion: empirical evidence and theoretical explanations
- The bull and bear market model of Huang and Day: some extensions and new results
- Does the ``uptick rule stabilize the stock market? Insights from adaptive rational equilibrium dynamics
- Continuous and Discontinuous Piecewise-Smooth One-Dimensional Maps
- Bifurcations of Chaotic Attractors in One-Dimensional Piecewise Smooth Maps
- Nonsmooth one-dimensional maps: some basic concepts and definitions
- A financial market model with two discontinuities: Bifurcation structures in the chaotic domain
- DEGENERATE BIFURCATIONS AND BORDER COLLISIONS IN PIECEWISE SMOOTH 1D AND 2D MAPS
- Degenerate Period Adding Bifurcation Structure of One-Dimensional Bimodal Piecewise Linear Maps