Agent-based model with multi-level herding for complex financial systems

@inproceedings{Chen2015AgentbasedMW,
  title={Agent-based model with multi-level herding for complex financial systems},
  author={Junjie Chen and Lei Tan and Bo Zheng},
  booktitle={Scientific reports},
  year={2015}
}
In complex financial systems, the sector structure and volatility clustering are respectively important features of the spatial and temporal correlations. However, the microscopic generation mechanism of the sector structure is not yet understood. Especially, how to produce these two features in one model remains challenging. We introduce a novel… CONTINUE READING