Thesiss

Evolutionary finance studies financial markets from an evolutionary point of view. A financial market can be interpreted in the context of its evolution: it can be understood as a dynamical system in which frequently interacting investment strategies compete for market capital. …

We study evolutionary models of financial markets. In particular, we study an evolutionary market model with short-lived assets and an evolutionary model with long-lived assets. In the long-lived asset market, investors are allowed to use general dynamic investment strategies. W…