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Evolutionary finance: a model with endogenous asset payoffs

Igor V. Evstigneev et al.

Journal of Bioeconomics2023https://doi.org/10.1007/s10818-023-09335-9article
AJG 1ABDC C
Weight
0.57

What the paper says

Abstract Evolutionary Finance (EF) explores financial markets as evolving biological systems. Investors pursuing diverse investment strategies compete for the market capital. Some “survive” and some “become extinct”. A central goal is to identify evolutionary stable (in one sense or another) investment strategies. The problem is analyzed in a framework combining stochastic dynamics and evolutionary game theory. Most of the models currently considered in EF assume that asset payoffs are exogenous and depend only on the underlying stochastic process of states of the world. The present work develops a model where the payoffs are endogenous: they depend on the share of total market wealth invested in the asset.

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https://doi.org/https://doi.org/10.1007/s10818-023-09335-9

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@article{igor2023,
  title        = {{Evolutionary finance: a model with endogenous asset payoffs}},
  author       = {Igor V. Evstigneev et al.},
  journal      = {Journal of Bioeconomics},
  year         = {2023},
  doi          = {https://doi.org/https://doi.org/10.1007/s10818-023-09335-9},
}

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Evolutionary finance: a model with endogenous asset payoffs

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Evidence weight

0.57

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.57 × 0.4 = 0.23
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.