The Heterogeneous Agents Approach to Financial Markets – Development and Milestones

摘要: For economists financial markets are one of the most interesting mechanisms to investigate. One reason is availability tons data ranging from high frequency long term observations covering several decades. On basis these huge sets it possible study dynamics asset prices balancing supply and demand. other hand there a sound theoretical that has mainly been developed in last century. The results this theory based on strict assumptions order enabled researchers derive solve analytical models for markets.