Heterogeneous agent model with learning

0411002 - UTIA-B 20020216 RIV SK eng C - Konferenční příspěvek (zahraniční konf.)
Vošvrda, Miloslav - Vácha, Lukáš
Heterogeneous agent model with learning.
Nitra: Slovak Agricultural University, 2002. ISBN 80-8069-114-2. In: Quantitative Methods in Economics. (Multiple Criteria Decision Making 11). - (Magáthová, V.), s. 269-280
[Quantitative Methods in Economics /11./. Nitra (SK), 05.12.2002-06.12.2002]
Grant CEP: GA ČR GA402/00/0439; GA ČR GA402/01/0034; GA AV ČR IAA7075202
Výzkumný záměr: CEZ:AV0Z1075907
Klíčová slova: efficient market hypothesis * trading rules * asset price behavior
Kód oboru RIV: AH - Ekonomie

The Efficient Markets Hypothesis provides a theoretical basis for trading rules. Technical trading rules provide a signal of when to buy or sell asset based on such price patterns to the user. Technical traders tend to put little faith in strict efficient markets. Fundamentalists rely on their model employing fundamental information basis to forecasting of the next price period. An influence of the learning agents process on a level of agent pattern profitability is shown.
Trvalý link: http://hdl.handle.net/11104/0131089