Resource title

Should Network Structure Matter in Agent-Based Finance?

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Resource description

We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature. Lo and behold, the model is quite robust with respect to behavioral heterogeneity, yet structural heterogeneity, in the sense of an underlying network structure that describes the very feasibility of agent interaction, has a crucial and non-trivial impact on the macroscopic properties of the model.

Resource author

Simone Alfarano, Mishael Milaković

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22052

Resource license

Adapt according to the presented license agreement and reference the original author.