Self-Referred Decision Rules and Chaos

Anne Corcos (1) , Jean-Pierre Eckmann (2) , A. Malaspinas (3)

1 CURAPP-ESS - Centre universitaire de recherches sur l'action publique et le politique. Epistémologie et Sciences sociales - UMR CNRS 7319
2 Departement de Physique Théorique [Genève]
3 Section de mathématiques [Genève]

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 course been studied earlier-Arthur (1987),

Domaines: Économie et finance quantitative [q-fin]; Science non linéaire [physics]; Mathématiques [math]

Anne Corcos, Jean-Pierre Eckmann, A. Malaspinas. Self-Referred Decision Rules and Chaos. 2022. ⟨hal-03833847⟩