Speculative dynamics with bounded rationality learning
Article Abstract:
A model of price dynamics for future markets has been developed under bounded rationality. Three classes of traders are considered in the model, namely, rational traders, fundamentalist traders and feedback traders. A fourth class, noise traders, is considered in an extension of the model. The model shows that institutional investors acting as feedback traders influence the stabilization or destabilization of the market, allowing or not allowing rational traders to learn the two Rational Expectations Equilibrium of the model.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Modeling undesirable factors in efficiency evaluation: comment
Article Abstract:
Seiford and Zhu proposed using data translation as a means of integrating undesirable outputs and inputs into data envelopment analysis (DEA) models. The article suggests an alternative approach, which allows one to explicitly model a joint environmental technology, and gauge performance in terms of increased good output and decreased undesirable output.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Implementing intra-organizational learning: a phased-model approach supported by intranet technology. Shifting organizational paradigms: transitional management
- Abstracts: Pagers with attitude: Hutchison challenges Singapore status quo. Speeding up the Internet
- Abstracts: The relative performance of bivariate causality tests in small samples. Simple formulas for the expected costs in the newsboy problem: an educational note
- Abstracts: A simulation analysis of sequencing rules in a flexible flowline. Selecting the CP metric: a risk aversion approach
- Abstracts: Europe's incoming tide. Tony Blair's victories, in Nice and afterwards