Arbeitspapier
Should Network Structure Matter in Agent-Based Finance?
We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature. Lo and behold, the model is quite robust with respect to behavioral heterogeneity, yet structural heterogeneity, in the sense of an underlying network structure that describes the very feasibility of agent interaction, has a crucial and non-trivial impact on the macroscopic properties of the model.
- Language
-
Englisch
- Bibliographic citation
-
Series: Economics Working Paper ; No. 2008-04
- Classification
-
Wirtschaft
- Subject
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Herding
networks
mean-field approach
N-dependence
Börsenkurs
Finanzmarkt
Mikrostrukturanalyse
Agent-based Model
Business Network
Herdenverhalten
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Alfarano, Simone
Milaković, Mishael
- Event
-
Veröffentlichung
- (who)
-
Kiel University, Department of Economics
- (where)
-
Kiel
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Alfarano, Simone
- Milaković, Mishael
- Kiel University, Department of Economics
Time of origin
- 2008
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