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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
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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
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.
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.
https://blog.sciencenet.cn/blog-4716-493291.html
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