Heterogeneous Fundamentalists in a Continuous Time Model with Delays

We develop a continuous time model with heterogeneous fundamentalists, imitators, and discrete time delays. We show that nonlinear dynamic phenomena, such as coexistence of attractors and local and global bifurcations, occur due to the existence of a time gap in the process of adjustment of market p...

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Bibliographic Details
Main Authors: Luca Gori, Luca Guerrini, Mauro Sodini
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2014/959514
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