Bulls, bears and market sheep
Journal of Economic Behavior & OrganizationPublished 1 December 1990
Richard H. Day, Weihong Huang
Citations626
SJR quartileQ1
SJR score1.44
SNIP1.31
Generate an AI Snapshot to get a quick, structured summary of this paper.
Study Snapshot
ObjectiveStudy objective
MethodsResearch methodology
PopulationPopulation studied
Sample sizeSample sizes
OutcomesStudy outcomes here
ResultsStudy results comes here
LimitationsResearch study limitations comes here
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
Abstract
A deterministic excess demand model of stock market behavior is presented that generates stochastically fluctuating prices and randomly switching bear and bull markets.
Keywords
Decision SciencesEconomics, Econometrics and Finance
Political Science QuarterlyThe General Theory of Employment, Interest and Money, <i>by John Maynard Keynes</i>
6,402 Citations1936Benjamin Haggott Beckhart
Period Three Implies Chaos
2,614 Citations2004Tien-Yien Li, James A. Yorke
Edward Elgar Publishing eBooksThe Review of Economics and Statistics
1,561 Citations1997Robert Dorfman
Cambridge University Press eBooksBubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets
949 Citations1991Gerry L. Suchanek, Arlington W. Williams
The Journal of BusinessNonlinear Dynamics and Stock Returns
777 Citations1989José Scheinkman, Blake LeBaron
The authors apply procedures to stock returns and find evidence that indicates the presence of nonlinear dependence on weekly returns from the Center for Research in Security Prices value-weighted index.
On the Existence of Invariant Measures for Piecewise Monotonic Transformations
653 Citations1974Andrzej Lasota, James A. Yorke
Journal of Economic Behavior & OrganizationSurvey evidence on diffusion of interest and information among investors
611 Citations1989Robert J. Shiller, John Pound
Transactions of the American Mathematical SocietyOn the existence of invariant measures for piecewise monotonic transformations
538 Citations1973A. Lasota, James A. Yorke
Economics without Equilibrium
234 Citations2020Nicholas Kaldor
Transactions of the American Mathematical SocietyExpanding maps on sets which are almost invariant. Decay and chaos
149 Citations1979Giulio Pianigiani, James A. Yorke
Journal of Economic Behavior & OrganizationDisequilibrium economic dynamics
80 Citations1984Richard H. Day
National Bureau of Economic ResearchThe Economic Consequences of Noise Traders
75 Citations1987J. Bradford De Long, Andrei Shleifer +2 more
Journal of Economic Behavior & OrganizationErgodic fluctuations in deterministic economic models
62 Citations1987Richard H. Day, Wayne Shafer
RePEc: Research Papers in EconomicsThe Economic Consequences of Noise Traders
59 Citations1987J. Bradford De Long, Andrei Shleifer +2 more
Econstor (Econstor)Trade Specialists and Money in an Ongoing Exchange Economy
13 Citations1985Robert W. Clower, Daniel Friedman