Publication
Jun 2008
The publication primarily examines the properties and mechanisms responsible for observed stylized facts in finance. The author is concerned with the development of stochastic agent-based models used to explain price dynamics in financial markets. The report suggests that these models provide insights into anomalies observed in microeconomic interaction and alternative psychological explanations of an agent’s decisions.
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English (PDF, 79 pages, 3.0 MB) |
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Author | Thomas Lux |
Series | Kiel Institute Working Papers |
Issue | 1426 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2008 Kiel Institute for the World Economy |