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Bounded strategic reasoning explains crisis emergence in multi-agent market games

The efficient market hypothesis (EMH), based on rational expectations and market equilibrium, is the dominant perspective for modelling economic markets. However, the most notable critique of the EMH is the inability to model periods of out-of-equilibrium dynamics without significant external news....

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Detalles Bibliográficos
Autores principales: Patrick Evans, Benjamin, Prokopenko, Mikhail
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Royal Society 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9905995/
https://www.ncbi.nlm.nih.gov/pubmed/36778956
http://dx.doi.org/10.1098/rsos.221164

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