Piecewise-linear maps and their application to financial markets

HIGHLIGHTS

  • who: Fabio Tramontana from the University of Urbino, Italy have published the article: Piecewise-Linear Maps and Their Application to Financial Markets, in the Journal: (JOURNAL)
  • what: The aim of the paper is to review agent-based financial market models in which the dynamics is driven by piecewiselinear maps. For instance, one could imagine that there is a central authority who acts as a further player in the models the authors have presented in the paper , using a linear intervention (demand) function such as DA t=r (F - Pt ) with r > 06. The models the . . .

     

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