Evolutionary stable stock markets

From MaRDI portal
Publication:2580974





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.




Cited in
(37)








This page was built for publication: Evolutionary stable stock markets

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2580974)