We propose a financial market model in which speculators follow a linear mix of technical
and fundamental trading rules to determine their orders. Volatility clustering arises in our …

An asset pricing model with chartists, fundamentalists and trend followers is considered. A
market maker adjusts the asset price in the direction of the excess demand at the end of …

We propose a simple agent-based computational model in which speculators' trading
behavior may cause bubbles and crashes, excess volatility, serially uncorrelated returns, fat …

We propose a simple agent-based version of Paul de Grauwe's chaotic exchange rate
model. In particular, we assume that each speculator follows his own technical and …

We propose a model economy consisting of interdependent real, monetary and stock
markets. The money market is influenced by the real one through a standard LM equation …

The boundedly rational heterogeneous agent literature can be considered to have properly
started with a number of contributions in the early 90s, with the impressive contribution by …

In this foreword to the Special Issue “Nonlinear dynamics and game-theoretical modeling in
economics and finance” we review the contributions in the issue highlighting the economic …

Noise traders are often thought to be detrimental to market stability, increasing volatility and
the risk of bubbles and crashes. The effect of noise traders on the learning and development …

Based on a sample of 296 stocks from the S&P 500, the time-varying network structure
within three distinct two-year periods since the beginning of the 21st century was analyzed …

Most previous studies on the volatility of returns in the German stock market have focused on
issues of forecasting and predictability without further exploration of the economic …