Self-Referred Decision Rules and Chaos

  title={Self-Referred Decision Rules and Chaos},
  author={Alain C. Corcos and J Eckmann and A. Malaspinas},
The stock market crash of October 1987 has drawn widespread attention which has focused on the role played by mimetic behavior—that is, self-referred decision rules—on market prices. The aim of this paper is to present a model which takes into account the effects of collective opinions. The presence of mimetic behavior for the determination of prices has of… CONTINUE READING