Model Perspective
Feb 13, 2023 · Fundamentals
When Cicadas Sing: Modeling Stock Market Herd Behavior with Game Theory
This article models the stock market herd effect using a cicada‑chirping analogy, presents mathematical and game‑theoretic analyses, derives dynamic equilibrium equations, and offers practical investment guidance based on behavioral psychology and Bayesian equilibrium concepts.
behavioral financegame theoryherd behavior
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