Updating Wealth in an Asset Pricing Model with Heterogeneous Agents
Joint Authors
Michetti, Elisabetta
Mammana, Cristiana
Brianzoni, Serena
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2010, Issue 2010 (31 Dec. 2010), pp.1-27, 27 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2010-11-28
Country of Publication
Egypt
No. of Pages
27
Main Subjects
Abstract EN
We consider an asset-pricing model with wealth dynamics in a market populated by heterogeneous agents.
By assuming that all agents belonging to the same group agree to share their wealth whenever an agent joins the group (or leaves it), we develop an adaptive model which characterizes the evolution of wealth distribution when agents switch between different trading strategies.
Two groups with heterogeneous beliefs are considered: fundamentalists and chartists.
The model results in a nonlinear three-dimensional dynamical system, which we have studied in order to investigate complicated dynamics and to explain wealth distribution among agents in the long run.
American Psychological Association (APA)
Brianzoni, Serena& Mammana, Cristiana& Michetti, Elisabetta. 2010. Updating Wealth in an Asset Pricing Model with Heterogeneous Agents. Discrete Dynamics in Nature and Society،Vol. 2010, no. 2010, pp.1-27.
https://search.emarefa.net/detail/BIM-489661
Modern Language Association (MLA)
Brianzoni, Serena…[et al.]. Updating Wealth in an Asset Pricing Model with Heterogeneous Agents. Discrete Dynamics in Nature and Society No. 2010 (2010), pp.1-27.
https://search.emarefa.net/detail/BIM-489661
American Medical Association (AMA)
Brianzoni, Serena& Mammana, Cristiana& Michetti, Elisabetta. Updating Wealth in an Asset Pricing Model with Heterogeneous Agents. Discrete Dynamics in Nature and Society. 2010. Vol. 2010, no. 2010, pp.1-27.
https://search.emarefa.net/detail/BIM-489661
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-489661
