Asset price bubbles and crashes with near-zero-intelligence traders

DOI10.1007/S00199-004-0570-9zbMATH Open1089.91044OpenAlexW1978627992MaRDI QIDQ818533FDOQ818533

Authors: John Duffy, M. Utku Ünver 

Publication date: 21 March 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-004-0570-9

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zbMATH Keywords

Agent-based modelsDouble auctionExperimental economics.

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Cited In (8)

• Over-the-counter versus double auction in asset markets with near-zero-intelligence traders
• Impact of value-at-risk models on market stability
• Do stylised facts of order book markets need strategic behaviour?
• Varieties of agents in agent-based computational economics: a historical and an interdisciplinary perspective
• Rate of return parity with robot asset traders
• Linking agent-based models and stochastic models of financial markets
• The invisible hand and the rational agent are behind bubbles and crashes
• Stock market bubbles in the laboratory

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