Bozina A.N., Martanus O.R. Modeling of Financial Bubbles on the Basis of Behavioral Factors. // Economics of contemporary Russia 2014. №4 (67) С.76-88.
   The authors analyze the influence of several behavioral features, inherent to agents on the financial market, on the life-cycle of a financial bubble. In the paper the authors propose a financial bubble model that takes into account such behavioral phenomena as herd behavior, irrationality of expectations, and bounded analytical abilities of investors.
Keywords:
behavioral factors, herd behavior, irrationality of expectations, conservative investors, speculative investors, noise traders, simulation analysis.


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