Finance Discipline Group
UTS Business School
University of Technology, Sydney

Working Paper Series

Title:
The Dynamics of Speculative Behaviour
Author(s): Carl Chiarella
Date of publication: January 1992
Working paper number: 13
Abstract:
A number of recent emirical studies cast some doubt on the random walk theory of asset prices and suggest these display significant transitory components and complex chaotic motion. This paper analyses a model of fundamentalists and chartists which can generate a number of dynamic regimes which are compatible with the recent empirical evidence.
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Comments:
Published as: Chiarella, C. 1992, "The Dynamics of Speculative Behaviour", Annals of Operations Research, 37(1), 101-123.
Known citations:

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