Market equilibria under procedural rationality

DOI10.1016/j.jmateco.2010.09.005zbMath1232.91264OpenAlexW2120101972MaRDI QIDQ617618

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

zbMATH Keywords

multiple equilibriastability analysisheterogeneous agentsprocedural rationalityasset pricing modelCRRA frameworkequilibrium market curve

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Utility theory (91B16) Heterogeneous agent models (91B69)

Related Items (8)

Asset prices and wealth dynamics in a financial market with random demand shocks ⋮ Excess covariance and dynamic instability in a multi-asset model ⋮ Empirical properties of a heterogeneous agent model in large dimensions ⋮ Social contagion and the survival of diverse investment styles ⋮ Procedural rationality, asset heterogeneity and market selection ⋮ Some reflections on past and future of nonlinear dynamics in economics and finance ⋮ Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps ⋮ Evolution and market behavior with endogenous investment rules

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