HIGHLIGHTS
- who: User from the School of Finance and Economics, University of Technology, Sydney, Broadway, NSW, Australia have published the article: Learning Dynamics in the Cobweb Model with Heterogeneous Producers, in the Journal: (JOURNAL)
- what: The authors investigate the nonlinear dynamics of the traditional cobweb model with two types of heterogeneous producers who are risk averse and seek to learn the distribution of asset prices in terms of the sample mean and variance of historical prices using the Arithmetic Learning Processes (ALP) over different window lengths. The authors show that heterogeneity has a double edged effect . . .
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