Market equilibria under procedural rationality
DOI10.1016/J.JMATECO.2010.09.005zbMATH Open1232.91264OpenAlexW2120101972MaRDI QIDQ617618FDOQ617618
Mikhail Anufriev, Giulio Bottazzi
Publication date: 21 January 2011
Published in: Journal of Mathematical Economics (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-2009/market---generic.pdf?1363343339959
heterogeneous agentsmultiple equilibriastability analysisprocedural rationalityasset pricing modelCRRA frameworkequilibrium market curve
Utility theory (91B16) Special types of economic equilibria (91B52) Heterogeneous agent models (91B69)
Cites Work
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Cited In (9)
- Rationality, property rights and thermodynamic approach to the market equilibrium
- Asset prices and wealth dynamics in a financial market with random demand shocks
- Evolution and market behavior with endogenous investment rules
- Social contagion and the survival of diverse investment styles
- Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps
- Empirical properties of a heterogeneous agent model in large dimensions
- Excess covariance and dynamic instability in a multi-asset model
- Procedural rationality, asset heterogeneity and market selection
- Some reflections on past and future of nonlinear dynamics in economics and finance
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