From standard to evolutionary finance: A literature survey
T Holtfort - Management Review Quarterly, 2019 - Springer
The traditional financial paradigm seeks to understand financial markets by using models in
which markets are perfect, which includes agents who are “rational” and update their beliefs …
which markets are perfect, which includes agents who are “rational” and update their beliefs …
Multi-asset bubbles equilibrium price dynamics
F Cordoni - The North American Journal of Economics and Finance, 2025 - Elsevier
The price-bubble and crash formation process is theoretically investigated in a two-asset
equilibrium model. Sufficient and necessary conditions are derived for the existence of …
equilibrium model. Sufficient and necessary conditions are derived for the existence of …
Evolutionary finance: a model with endogenous asset payoffs
IV Evstigneev, T Hens, MJ Vanaei - Journal of Bioeconomics, 2023 - Springer
Evolutionary Finance (EF) explores financial markets as evolving biological systems.
Investors pursuing diverse investment strategies compete for the market capital. Some …
Investors pursuing diverse investment strategies compete for the market capital. Some …
Evolution in pecunia
The paper models evolution in pecunia—in the realm of finance. Financial markets are
explored as evolving biological systems. Diverse investment strategies compete for the …
explored as evolving biological systems. Diverse investment strategies compete for the …
[HTML][HTML] Behavioral equilibrium and evolutionary dynamics in asset markets
I Evstigneev, T Hens, V Potapova… - Journal of Mathematical …, 2020 - Elsevier
This paper analyzes a dynamic stochastic equilibrium model of an asset market based on
behavioral and evolutionary principles. The core of the model is a non-traditional game …
behavioral and evolutionary principles. The core of the model is a non-traditional game …
An evolutionary finance model with short selling and endogenous asset supply
Evolutionary finance focuses on questions of “survival and extinction” of investment
strategies (portfolio rules) in the market selection process. It analyzes stochastic dynamics of …
strategies (portfolio rules) in the market selection process. It analyzes stochastic dynamics of …
An evolutionary finance model with a risk-free asset
S Belkov, IV Evstigneev, T Hens - Annals of Finance, 2020 - Springer
The purpose of this work is to develop an evolutionary finance model with a risk-free asset
playing the role of a numeraire. The model describes a market where one risk-free and …
playing the role of a numeraire. The model describes a market where one risk-free and …
Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets: Survival of the Fittest for Portfolio Rules
IV Evstigneev, T Hens, MJ Vanaei, MV Zhitlukhin - 2024 - researchsquare.com
This paper analyzes a dynamic stochastic equilibrium model of an asset market based on
behavioral and evolutionary principles. The core of the model is a non-traditional game …
behavioral and evolutionary principles. The core of the model is a non-traditional game …
[PDF][PDF] Evolutionary Finance: Models with Short-Lived Assets
Z Chen - 2024 - hummedia.manchester.ac.uk
Evolutionary Finance explores the" survival and extinction" questions of investment
strategies (portfolio rules) in the market selection process. It studies the stochastic dynamics …
strategies (portfolio rules) in the market selection process. It studies the stochastic dynamics …