A model of financial pyramid with quasi-rational participants

DOI10.1134/S0965542523030089zbMATH Open1514.91223OpenAlexW4367662936MaRDI QIDQ6043529FDOQ6043529

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

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zbMATH Keywords

fixed pointbounded rationalitymaximin principlefinancial pyramid

Mathematics Subject Classification ID

Actuarial science and mathematical finance (91G99)

Cites Work

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

Cited In (3)

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

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