EconStor >
Christian-Albrechts-Universität Kiel (CAU) >
Department of Economics >
Economics Working Papers, Department of Economics, CAU Kiel >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/22052
  
Title:Should Network Structure Matter in Agent-Based Finance? PDF Logo
Authors:Alfarano, Simone
Milaković, Mishael
Issue Date:2008
Series/Report no.:Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2008,04
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.
Subjects:Herding
networks
mean-field approach
N-dependence
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

Files in This Item:
File Description SizeFormat
EWP-2008-04.pdf849.4 kBAdobe PDF
No. of Downloads:
last Month last 3 Month total
Show full item record
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/22052

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.