The Hesitation of Anxious Traders in an Agent-Based Model

Figure 4

Autocorrelation of returns in the irrational scenario. In this figure, we plot the autocorrelation of returns when considering irrationality. The parameters of price determination and the fundamental price used in the simulations are calibrated. The behavioral hesitation and decision rigidity of the anxious agent are represented by d, which extends from 1 to 5. The lengths of the lags range from 1 to 30.