Monday, April 6th, 2015

Bubbles in a Simple Behavioral Finance Model The Wolfram Demonstrations Project contains thousands of free interactive visualizations, with new entries added daily. Suppose participants in a financial market adopt either a “fundamentalist” or “chartist” trading strategy based on the historical, risk-adjusted profitability of each strategy. Fundamentalists bet that price will adjust (at a speed determined by the “sp… Contributed by: Kevin W. Capehart After work by: Paul De Grauwe and Marianna Grimaldi

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