It is traditionally assumed in finance models that the fundamental value of assets is known
with certainty. Although this is an appealing simplifying assumption it is by no means based …

In the present paper we propose a model in which the real side of the economy, described
via a Keynesian good market approach, interacts with the stock market with heterogeneous …

Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks Blog
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The stock market is a real and continuously evolving extremely complex dynamic system.
This paper analyzes the change of stock market efficiency from the perspective of dynamic …

The aim of the paper is to understand the price dynamics generated by the interaction of
traders relying on heterogeneous expectations in an asset pricing model. In the present …

In this paper, we investigate the relationship between individual rationality and price
informative efficiency studying a prediction market model where agents repeatedly bet on …

We propose a financial market model with optimistic and pessimistic fundamentalists who,
respectively, overestimate and underestimate the true fundamental value due to ambiguity in …

Founded on a Muthian cobweb model, this study extends the evolutionary setting in
Hommes and Wagener (2010), by assuming that agents face heterogeneous information …

This paper aims at understanding the price dynamics generated by the interaction of traders
relying on heterogeneous expectations in an asset pricing model. In the present work the …

We analyze a financial market model with heterogeneous interacting agents where
fundamentalists and chartists are considered. We assume that fundamentalists are …