Can irrational investors survive? A social-computing perspective

IEEE Intelligent Systems

Volumn 22, Issue 5, 2007, Pages 58-64

  Zhang, Yongjie ^a   Zhang, Wei ^a  

^a TIANJIN UNIVERSITY   (China)

Author keywords

[No Author keywords available]

Indexed keywords

AGENT-BASED COMPUTATIONAL (ABC); ARTIFICIAL STOCK MARKETS (ASM); BEHAVIORAL FINANCE THEORIES; INTERACTIVE MODEL;

COMPUTER SIMULATION; DATA REDUCTION; INVESTMENTS; MARKETING; MATHEMATICAL MODELS;

COMPUTATION THEORY;

EID: 35348856473     PISSN: 15411672     EISSN: None     Source Type: Journal    
DOI: 10.1109/MIS.2007.4338495     Document Type: Article

References (8)

1. R. Lucas, "Asset Prices in an Exchange Economy," Econometrica, vol. 46. no. 6, 1978, pp. 1426-1445.
2. M. Friedman, "The Case for Flexible Exchange Rates," Essays in Positive Economics, M. Friedman ed., Univ. Chicago Press, 1953, pp. 157-203.
3. N. Barberis. A. Shleifer, and R. Vishny, "A Model of Investor Sentiment," J. Financial Economics, vol. 49, no. 3, 1998, pp. 307-343.
4. J. De Long et al., "Noise Trader Risk in Financial Markets," J. Political Economy, vol. 98, no. 4, 1990, pp. 703-738.
5. M. Levy, H. Levy, and S. Solomon. Microscopic Simulation of Financial Markets: From Investor Behavior to Market Phenomena, Academic Press. 2000.
6. W. Arthur et al., "Asset Pricing under Endogenous Expectations in an Artificial Stock Market," The Economy as an Evolving Complex System II, W. Arthur, S. Durlauf, and D. Lane, eds., Addison-Wesley, 1997, pp. 15-44.
7. W. Zhang et al., "BSV Investors Versus Rational Investors: An Agent-Based Computational Finance Model," Int'l J. Information Technology & Decision Making, vol. 5, no. 4, 2006, pp. 455-467.
8. W. De Bondt and R. Thaler, "Does the Stock Market Overreact?" J. Finance, vol. 40, no. 3, 1985, pp. 793-805.