Bounded strategic reasoning explains crisis emergence in multi-agent market games
The efficient market hypothesis (EMH), based on rational expectations and market equilibrium, is the dominant perspective for modelling economic markets. However, the most notable critique of the EMH is the inability to model periods of out-of-equilibrium dynamics without significant external news....
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| Hlavní autoři: | , |
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| Médium: | Artigo |
| Jazyk: | Inglês |
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The Royal Society
2023-02-01
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| Edice: | Royal Society Open Science |
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| On-line přístup: | https://royalsocietypublishing.org/doi/10.1098/rsos.221164 |
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