06-080/1 - More Hedging Instruments may destablize Markets
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AuthorsWilliam Brock, University of Wisconsin, USA; Cars Hommes, Universiteit van Amsterdam; Florian Wagener, Universiteit van Amsterdam
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Publication dateSeptember 22, 2006
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KeywordsAsset pricing; hedging; reinforcement learning; nonlinear dynamics; bifurcations
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JELD52; D53; D83; D84; G32