Analysis of a Heterogeneous Trader Model for Asset Price Dynamics

<table>Phase diagram illustrating attractor basins for symmetric limit cycles (<svg height="11.0375" id="M75" style="vertical-align:-0.27588pt" version="1.1" viewbox="0 0 52.349998 11.0375" width="52.349998" xmlns="http://www.w3.org/2000/svg">
<g transform="matrix(1.25,0,0,-1.25,0,11.0375)">
<g transform="translate(72,-63.17)">
<text transform="matrix(1,0,0,-1,-71.95,63.5)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝑁</tspan>
<tspan style="font-size: 12.50px; " x="14.103384" y="0">=</tspan>
<tspan style="font-size: 12.50px; " x="26.143772" y="0">2</tspan>
<tspan style="font-size: 12.50px; " x="32.395271" y="0">.</tspan>
<tspan style="font-size: 12.50px; " x="35.521023" y="0">9</tspan>
</text>
</g>
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</svg>).</table>

Discrete Dynamics in Nature and Society

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Figure 2

Figure 2: Analysis of a Heterogeneous Trader Model for Asset Price Dynamics 