In this work we analyze a financial market model based on the imitative behaviour between n traders. Every agent has an investment attitude which can be influenced by other agents’ opinions, introducing in this way a “contagion process”. We formalize this process using the “synergetic approach”, leading to the construction of a noninvertible discrete dynamical map. Some bifurcations involving the fundamental equilibrium point and the structure of its basins are analyzed.
Foroni, I., & Grassi, R. (2005). The contagion process in a financial model: a synergetic approach. PURE MATHEMATICS AND APPLICATIONS, 16(4), 377-398.
Citazione: | Foroni, I., & Grassi, R. (2005). The contagion process in a financial model: a synergetic approach. PURE MATHEMATICS AND APPLICATIONS, 16(4), 377-398. | |
Tipo: | Articolo in rivista - Articolo scientifico | |
Carattere della pubblicazione: | Scientifica | |
Titolo: | The contagion process in a financial model: a synergetic approach | |
Autori: | Foroni, I; Grassi, R | |
Autori: | ||
Data di pubblicazione: | 2005 | |
Lingua: | English | |
Rivista: | PURE MATHEMATICS AND APPLICATIONS | |
Appare nelle tipologie: | 01 - Articolo su rivista |