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一篇关于市场波动体制(dynamic regimes)的比较有开创性的文献

已有 2891 次阅读 2011-10-4 22:32 |个人分类:学术资料|系统分类:科研笔记| regimes)

THE DYNAMICS OF SPECULATIVE BEHAVIOUR
 
Carl CHIARELLA
School of Finance and Economics, University of Technology Sydney, P.O. Box 123,
Broadway 2007, Sydney, N.S.W. Australia
 
Abstract:  A number of recent empirical studies cast some doubt on the random walk theory
of asset prices and suggest these display significant tr~.nsitory components and complex
chaotic motion. This paper analyses a model of fundamentalists and chartists which can
generate a number of dynamic regimes which are compatible with the recent empirical
evidence.
 


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