Asset price formation and behavioral biases
(2016)
Journal Article
(2016). Asset price formation and behavioral biases. Review of Behavioural Finance, 137 -155. https://doi.org/10.1108/RBF-05-2015-0020
Purpose
The purpose of this paper is to examine the debate on whether psychology affects asset prices using agent-based modeling.
Design/methodology/approach
The authors set up three simulation regimes where the first regime contains fundamental...
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