06-080/1 - More Hedging Instruments may destablize Markets

• Authors
  William Brock, University of Wisconsin, USA; Cars Hommes, Universiteit van Amsterdam; Florian Wagener, Universiteit van Amsterdam
• Publication date
  September 22, 2006

• Keywords
  Asset pricing; hedging; reinforcement learning; nonlinear dynamics; bifurcations
• JEL
  D52; D53; D83; D84; G32