On the Role of Risk Preference in Survivability
نویسندگان
چکیده
Using an agent-based multi-asset artificial stock market, we simulate the survival dynamics of investors with different risk preferences. It is found that the survivability of investors is closely related to their risk preferences. Among the eight types of investors considered in this paper, only the CRRA investors with RRA coefficients close to one can survive in the long run. Other types of agents are eventually driven out of the market, including the famous CARA agents and agents who base their decision on the capital asset pricing model.
منابع مشابه
A Multi Objective Graph Based Model for Analyzing Survivability of Vulnerable Networks
In the various fields of disaster management, choosing the best location for the Emergency Support & Supply Service Centers (ESSSCs) and the survivability of the network that provides the links between ESSSCs and their environment has a great role to be paid enough attention. This paper introduces a graph based model to measure the survivability of the linking's network. By values computed for ...
متن کاملRole of Kaplan’s Preference Matrix in the Assessment of Building façade, Case of Gorgan, Iran
Buildings play a key role in organization and arrangement of city appearance. Specially, their facades have profound impact on the quality of urban landscapes while playing an important role in assessing urban environments by citizens. The introduction of superior building facades in terms of popular preferences is mostly based on visual elements of building facades. Furthermore, aesthetic pref...
متن کاملMeasuring Liquidity Risk Management and Impact on Bank Performance in Iran
A bank as a business units needs to have liquid assets which can be easily converted into cash at short notice. Thus the concept of liquidity risk management is important for any commercial banks. The impact of liquidity position in management of banks have remained significant, though very elusive in the process of investment analysis vis-à-vis bank portfolio management. In addition, liquidity...
متن کاملThe role of acetylcholine muscarinic receptors in the rat basolateral amygdala on morphine-induced place preference
Some studies have shown that acetylcholine muscarinic receptors involved in the opiate reward. In the present study, the effect of intra-basolateral amygdale (BLA) acetylcholine muscarinic like receptor agonist (physostigmine) and antagonist (atropine) on the acquisition of morphine-induced place preference has been investigated in male Wistar rats. For this purpose, two 22 gauges guide cannula...
متن کاملThe role of acetylcholine muscarinic receptors in the rat basolateral amygdala on morphine-induced place preference
Some studies have shown that acetylcholine muscarinic receptors involved in the opiate reward. In the present study, the effect of intra-basolateral amygdale (BLA) acetylcholine muscarinic like receptor agonist (physostigmine) and antagonist (atropine) on the acquisition of morphine-induced place preference has been investigated in male Wistar rats. For this purpose, two 22 gauges guide cannula...
متن کامل