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Heterogeneous agent model with learning
- 1.0411002 - UTIA-B 20020216 RIV SK eng C - Conference Paper (international conference)
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]
R&D Projects: GA ČR GA402/00/0439; GA ČR GA402/01/0034; GA AV ČR IAA7075202
Institutional research plan: CEZ:AV0Z1075907
Keywords : efficient market hypothesis * trading rules * asset price behavior
Subject RIV: AH - Economics
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.
Permanent Link: http://hdl.handle.net/11104/0131089
Number of the records: 1