Original title: Bifurcation routes and heterogenous formation
Authors: Vošvrda, Miloslav
Document type: Papers
Conference/Event: Nostradamus 2001 /4./, Zlín (CZ), 2001-09-25 / 2001-09-26
Year: 2001
Language: eng
Abstract: The heterogenity of expectation among trades introduces an important nonlinearity in to the financial markets. Heteregenous formation asset prices are characterized by phases of close to the fundamental price fluctuations. In this paper is discussed a position of fundamentals and their influence to the economic stability.
Keywords: forecasting rules; fundamentals; heterogeneity of expectations
Project no.: AV0Z1075907 (CEP), GA402/00/0136 (CEP), GA402/01/0034 (CEP), GA402/01/0539 (CEP)
Funding provider: GA ČR, GA ČR, GA ČR
Host item entry: Nostradamus 2001. 4th International Conference on Prediction and Nonlinear Dynamics

Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0130745

Permalink: http://www.nusl.cz/ntk/nusl-34872


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Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers