A model of financial pyramid with quasi-rational participants

DOI10.1134/S0965542523030089MaRDI QIDQ6043529zbMATH OpenOpenAlexFDO

Authors Nikolai S. Kukushkin

Publication date 23 May 2023

Published in Computational Mathematics and Mathematical Physics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1134/s0965542523030089

zbMATH Keywords

fixed pointbounded rationalitymaximin principlefinancial pyramid

Mathematics Subject Classification ID

Actuarial science and mathematical finance (91G99)

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Cites work

• Growth cycles and market crashes
• Information, trade and common knowledge
• Injecting rational bubbles
• Introduction to economic theory of bubbles
• Introduction to economic theory of bubbles. II
• On the Possibility of Speculation under Rational Expectations
• Rational panics and stock market crashes.
• The bubble game: an experimental study of speculation
• The simplest rational greater-fool bubble model
• Uncertainty, risk-neutral measures and security price booms and crashes

Cited in

(3)

• Phenomenology of the pyramid scheme
• Threshold behaviors of social dynamics and financial outcomes of Ponzi scheme diffusion in complex networks
• Two Probability Models of Pyramid or Chain Letter Schemes Demonstrating that Their Promotional Claims are Unreliable

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