We analyze the consequences of the presence of imitators in a financial market populated byboundedly rational speculators.We consider imitators that only look at the recent success of theavailable trading rules.We showthat the introduction of this kind of imitators makes the results morecomplicated but even more realistic. In particular, under some specific circumstances, imitators maystabilize an otherwise unstable market or, at the opposite, make unstable an otherwise stable scenario.
Come Together: The Role of Cognitively Biased Imitators in a Small Scale Agent-Based Financial Market / Campisi, Giovanni; Tramontana, Fabio. - (2020), pp. 69-88. [10.1007/978-981-15-3623-6_4]
Come Together: The Role of Cognitively Biased Imitators in a Small Scale Agent-Based Financial Market
Campisi, Giovanni;
2020-01-01
Abstract
We analyze the consequences of the presence of imitators in a financial market populated byboundedly rational speculators.We consider imitators that only look at the recent success of theavailable trading rules.We showthat the introduction of this kind of imitators makes the results morecomplicated but even more realistic. In particular, under some specific circumstances, imitators maystabilize an otherwise unstable market or, at the opposite, make unstable an otherwise stable scenario.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
