FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1776911510> ?p ?o ?g. }

• W1776911510 endingPage "13" @default.
• W1776911510 startingPage "1" @default.
• W1776911510 abstract "The traditional economic models are increasingly perceived as weak in explaining the bubbles and crashes in financial markets and the associated crisis. Thus, especially after the global financial crisis in 2008, agent-based model (ABM) is getting an attention as an alternative approach for a better understanding of complex dynamics of financial market. This paper develops an ABM to replicate financial instability, such as bubbles and crashes in asset markets, by introducing a simple idea of ‘heterogeneous expectation’ and ‘herding behavior’ by which agents in different groups have different expectations about a ‘tipping point’ where they expect the price to stop rising anymore but to begins to fall. It is shown that, when the agents have different expectations on the tipping point, the collapse of the price does not emerge automatically, and price fluctuations are often small and even some (seemingly) flat intervals appear. We also verify the impact of the herding behavior by dividing agents into several groups of varying sizes but with the same expectations. By changing the size of groups, we establish that the more agents share the same expectations about the tipping point, the higher volatility of the asset price emerges. We confirm that bubble and burst of prices are more like to emerge when heterogeneous expectations about prices are combined with herding behavior among agents, so that agents in the same group share the similar expectations about the price changes." @default.
• W1776911510 created "2016-06-24" @default.
• W1776911510 creator A5009494138 @default.
• W1776911510 creator A5064102643 @default.
• W1776911510 date "2015-09-01" @default.
• W1776911510 modified "2023-09-28" @default.
• W1776911510 title "Heterogeneous expectations leading to bubbles and crashes in asset markets: Tipping point, herding behavior and group effect in an agent-based model" @default.
• W1776911510 cites W1591607941 @default.
• W1776911510 cites W1975105775 @default.
• W1776911510 cites W2017474768 @default.
• W1776911510 cites W2055698392 @default.
• W1776911510 cites W2061165362 @default.
• W1776911510 cites W2067501595 @default.
• W1776911510 cites W2075922706 @default.
• W1776911510 cites W2121681609 @default.
• W1776911510 cites W2133756959 @default.
• W1776911510 cites W2145535248 @default.
• W1776911510 cites W2161097656 @default.
• W1776911510 cites W3022961351 @default.
• W1776911510 cites W3122969280 @default.
• W1776911510 doi "https://doi.org/10.1186/s40852-015-0013-9" @default.
• W1776911510 hasPublicationYear "2015" @default.
• W1776911510 type Work @default.
• W1776911510 sameAs 1776911510 @default.
• W1776911510 citedByCount "3" @default.
• W1776911510 countsByYear W17769115102016 @default.
• W1776911510 countsByYear W17769115102018 @default.
• W1776911510 countsByYear W17769115102020 @default.
• W1776911510 crossrefType "journal-article" @default.
• W1776911510 hasAuthorship W1776911510A5009494138 @default.
• W1776911510 hasAuthorship W1776911510A5064102643 @default.
• W1776911510 hasBestOaLocation W17769115101 @default.
• W1776911510 hasConcept C10138342 @default.
• W1776911510 hasConcept C102235558 @default.
• W1776911510 hasConcept C106159729 @default.
• W1776911510 hasConcept C114725131 @default.
• W1776911510 hasConcept C119599485 @default.
• W1776911510 hasConcept C127413603 @default.
• W1776911510 hasConcept C139719470 @default.
• W1776911510 hasConcept C149782125 @default.
• W1776911510 hasConcept C154945302 @default.
• W1776911510 hasConcept C162324750 @default.
• W1776911510 hasConcept C175444787 @default.
• W1776911510 hasConcept C177605951 @default.
• W1776911510 hasConcept C181236170 @default.
• W1776911510 hasConcept C186797051 @default.
• W1776911510 hasConcept C19244329 @default.
• W1776911510 hasConcept C201543015 @default.
• W1776911510 hasConcept C205649164 @default.
• W1776911510 hasConcept C2778300220 @default.
• W1776911510 hasConcept C2780873155 @default.
• W1776911510 hasConcept C38652104 @default.
• W1776911510 hasConcept C41008148 @default.
• W1776911510 hasConcept C556758197 @default.
• W1776911510 hasConcept C76178495 @default.
• W1776911510 hasConcept C91602232 @default.
• W1776911510 hasConcept C97137747 @default.
• W1776911510 hasConceptScore W1776911510C10138342 @default.
• W1776911510 hasConceptScore W1776911510C102235558 @default.
• W1776911510 hasConceptScore W1776911510C106159729 @default.
• W1776911510 hasConceptScore W1776911510C114725131 @default.
• W1776911510 hasConceptScore W1776911510C119599485 @default.
• W1776911510 hasConceptScore W1776911510C127413603 @default.
• W1776911510 hasConceptScore W1776911510C139719470 @default.
• W1776911510 hasConceptScore W1776911510C149782125 @default.
• W1776911510 hasConceptScore W1776911510C154945302 @default.
• W1776911510 hasConceptScore W1776911510C162324750 @default.
• W1776911510 hasConceptScore W1776911510C175444787 @default.
• W1776911510 hasConceptScore W1776911510C177605951 @default.
• W1776911510 hasConceptScore W1776911510C181236170 @default.
• W1776911510 hasConceptScore W1776911510C186797051 @default.
• W1776911510 hasConceptScore W1776911510C19244329 @default.
• W1776911510 hasConceptScore W1776911510C201543015 @default.
• W1776911510 hasConceptScore W1776911510C205649164 @default.
• W1776911510 hasConceptScore W1776911510C2778300220 @default.
• W1776911510 hasConceptScore W1776911510C2780873155 @default.
• W1776911510 hasConceptScore W1776911510C38652104 @default.
• W1776911510 hasConceptScore W1776911510C41008148 @default.
• W1776911510 hasConceptScore W1776911510C556758197 @default.
• W1776911510 hasConceptScore W1776911510C76178495 @default.
• W1776911510 hasConceptScore W1776911510C91602232 @default.
• W1776911510 hasConceptScore W1776911510C97137747 @default.
• W1776911510 hasIssue "1" @default.
• W1776911510 hasLocation W17769115101 @default.
• W1776911510 hasLocation W17769115102 @default.
• W1776911510 hasLocation W17769115103 @default.
• W1776911510 hasLocation W17769115104 @default.
• W1776911510 hasLocation W17769115105 @default.
• W1776911510 hasLocation W17769115106 @default.
• W1776911510 hasOpenAccess W1776911510 @default.
• W1776911510 hasPrimaryLocation W17769115101 @default.
• W1776911510 hasRelatedWork W1776911510 @default.
• W1776911510 hasRelatedWork W2111143057 @default.
• W1776911510 hasRelatedWork W2124415816 @default.
• W1776911510 hasRelatedWork W2505345933 @default.
• W1776911510 hasRelatedWork W2539695481 @default.
• W1776911510 hasRelatedWork W3121738923 @default.
• W1776911510 hasRelatedWork W3122701877 @default.

• next