Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Evolutionary Finance: A model with endogenous asset payoffs |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
|
| Journal Title | Journal of Bioeconomics |
| Publisher | Springer |
| Geographical Reach | international |
| ISSN | 1387-6996 |
| Volume | 25 |
| Page Range | 117 - 143 |
| Date | 2023 |
| Abstract Text | Evolutionary Finance (EF) explores financial markets as evolving biological systems. Investors pursuing diverse investment strategies compete for the market capital. Some "survive" and some "become extinct". A central goal is to identify evolutionary stable (in one sense or another) investment strategies. The problem is analyzed in a framework combining stochastic dynamics and evolutionary game theory. Most of the models currently considered in EF assume that asset payo¤s are exogenous and depend only on the underlying stochastic process of states of the world. The present work develops a model where the payo¤s are endogenous: they depend on the share of total market wealth invested in the asset. |
| Free access at | Official URL |
| Digital Object Identifier | 10.1007/s10818-023-09335-9 |
| Other Identification Number | merlin-id:23724 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|