Sciweavers

ERCIM
2010
55views more  ERCIM 2010»
14 years 19 days ago
Smart Agents and Sentiment in the Heterogeneous Agent Model
: We show that the cusp catastrophe model explains the crash of stock exchanges much better than other models. On the data of U.S. stock markets we demonstrate that the crash of 19...
Lukás Vácha, Jozef Baruník, M...