Should network structure matter in agent-based finance?

Abstract

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

Similar works

Full text

thumbnail-image

Warwick Research Archives Portal Repository

redirect
Last time updated on 01/12/2017

This paper was published in Warwick Research Archives Portal Repository.

Having an issue?

Is data on this page outdated, violates copyrights or anything else? Report the problem now and we will take corresponding actions after reviewing your request.