``Self-Organised Criticality''(SOC) is the mechanism by which complex systems
spontaneously settle close to a* critical point*, at the edge between stability and chaos, and …

We develop a behavioral stock market model in which a market maker adjusts stock prices
with respect to the orders of chartists, fundamentalists and sentiment traders. We analytically …

We propose a stock market model with chartists, fundamentalists and market makers.
Chartists chase stock price trends, fundamentalists bet on mean reversion, and market …

This paper intends to contribute to the literature on the determinants of exchange rate
fluctuations. We build an agent-based model inspired by the literature on behavioral finance …

Abstract Motivated by Merton (1973), we propose a novel bivariate intertemporal asset
pricing model, which relates expected equity and bond market returns to their conditional …

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 …

Purpose This paper aims to focus on exploring and understanding the practice of analyzing
the determinants of the Moroccan Dirham by foreign exchange professionals in trading …

The value strategy and technical analysis strategy have existed in the financial market for a
long time, and the impact of these two types of strategies on the financial market has also …

Starting from the work of Hommes et al.(2005a), we propose an alternative version of their
asset pricing model with heterogeneous agents and asynchronous updating of beliefs. In …

We consider a standard heterogeneous agent model (HAM) that is widely used to analyze
price developments in financial markets. The model is linear in log-prices and, in its basic …