Heterogeneous Fundamentalists in a Continuous Time Model with Delays
We develop a continuous time model with heterogeneous fundamentalists, imitators, and discrete time delays. We show that nonlinear dynamic phenomena, such as coexistence of attractors and local and global bifurcations, occur due to the existence of a time gap in the process of adjustment of market p...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2014-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2014/959514 |
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| _version_ | 1832558517426323456 |
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| author | Luca Gori Luca Guerrini Mauro Sodini |
| author_facet | Luca Gori Luca Guerrini Mauro Sodini |
| author_sort | Luca Gori |
| collection | DOAJ |
| description | We develop a continuous time model with heterogeneous fundamentalists,
imitators, and discrete time delays. We show that nonlinear dynamic phenomena, such as
coexistence of attractors and local and global bifurcations, occur due to the existence of a time
gap in the process of adjustment of market prices. |
| format | Article |
| id | doaj-art-420235c33233423f88fb38569488893d |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-420235c33233423f88fb38569488893d2025-02-03T01:32:05ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2014-01-01201410.1155/2014/959514959514Heterogeneous Fundamentalists in a Continuous Time Model with DelaysLuca Gori0Luca Guerrini1Mauro Sodini2Department of Law, University of Genoa, Via Balbi 30/19, 16126 Genoa, ItalyDepartment of Management, Polytechnic University of Marche, Piazza Martelli 8, 60121 Ancona, ItalyDepartment of Economics and Management, University of Pisa, Via Cosimo Ridol
10, 56124 Pisa, ItalyWe develop a continuous time model with heterogeneous fundamentalists, imitators, and discrete time delays. We show that nonlinear dynamic phenomena, such as coexistence of attractors and local and global bifurcations, occur due to the existence of a time gap in the process of adjustment of market prices.http://dx.doi.org/10.1155/2014/959514 |
| spellingShingle | Luca Gori Luca Guerrini Mauro Sodini Heterogeneous Fundamentalists in a Continuous Time Model with Delays Discrete Dynamics in Nature and Society |
| title | Heterogeneous Fundamentalists in a Continuous Time Model with Delays |
| title_full | Heterogeneous Fundamentalists in a Continuous Time Model with Delays |
| title_fullStr | Heterogeneous Fundamentalists in a Continuous Time Model with Delays |
| title_full_unstemmed | Heterogeneous Fundamentalists in a Continuous Time Model with Delays |
| title_short | Heterogeneous Fundamentalists in a Continuous Time Model with Delays |
| title_sort | heterogeneous fundamentalists in a continuous time model with delays |
| url | http://dx.doi.org/10.1155/2014/959514 |
| work_keys_str_mv | AT lucagori heterogeneousfundamentalistsinacontinuoustimemodelwithdelays AT lucaguerrini heterogeneousfundamentalistsinacontinuoustimemodelwithdelays AT maurosodini heterogeneousfundamentalistsinacontinuoustimemodelwithdelays |