The Hesitation of Anxious Traders in an Agent-Based Model

Figure 2

Autocorrelation of returns in the irrational scenario. The autocorrelation of returns in the irrational scenario is shown in this figure. The parameters from Zhu et al. [35] and Amilon [82] are implemented in the simulations. d is the strength regarding the behavioral hesitation and decision rigidity of the anxious agent. The length of the lag ranges from 1 to 30.