Abstract
ABSTRACT A continuous-time heterogeneous belief model is developed to discuss the mechanisms of the formation of contagion phenomena. Various mechanisms of contagion formation, such as price learning, information diffusion and extrapolative expectations, are incorporated into a unified framework. Calibration results from Hong Kong and the UK show that changes in the weights of the four types of traders affect the contagion phenomenon at different time intervals over time.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
