Discrete Dynamics in Nature and Society / 2015 / Article / Tab 4

Research Article

Does Expectation of Correlation Breakdown in Financial Market Fulfill Itself?

Table 4

Correlation between the returns of high- and low-risk assets resulting from the simulation of the model (ex-post correlation).

Initial excess demand Prevalence in the market
Rational investors Contrarian speculators

Largely high or low 0.971 0.001
Close to zero 0.064 0.207

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