Microscopic Simulation of Financial Markets: From Investor Behavior to Market Phenomena

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Environmental Policy Theory Given Bounded Rationality and Other-regarding Preferences (2011, background): “Financial theory has, in fact, moved in the direction of behavioral models in response to the bounded rationality of investors (Levy et al. 2000; Shleifer 1999).”
Prospect Theory: Much Ado About Nothing? (2002, background): “Several recent studies investigate the implication of prospect theory to asset pricing (Levy et al. 2000, Barberis et al. 2001) and to asset allocation (Shefrin and Statman 1993, Levy 2000).”
Confidence and the Stock Market: An Agent-Based Approach (2014, result): “The approaches taken by the above-cited papers differ from ours— Takahashi and Terano [11] base their work on a Bayes correction model and Lovric [12] base theirs on the Levy, Levy, and Solomon [13] model.”
Critical Market Crashes (2003, unknown): “Other relevant works put more emphasis on the heterogeneity and threshold nature of decision making which lead in general to irregular cycles (Takayasu et al., 1992; Youssefmir et al., 1998; Levy et al., 1995; Sato and Takayasu, 1998; Levy et al., 2000; Gaunersdorfer, 2000).”
Asset Price and Wealth Dynamics in a Financial Market with Heterogeneous Agents (2006, background): “3 See e.g. Levy et al. (2000) and Campbell and Viceira (2002), for a discussion of this point.”