The Hesitation of Anxious Traders in an Agent-Based Model

Table 8

Skewness and kurtosis of returns after calibration. Note: We present the skewness and kurtosis of returns in this table. Panels A and B, respectively, show outcomes for the rational and irrational circumstances. d denotes the strength in regard to the behavioral hesitation and decision rigidity of the anxious agent.

d	Skewness	Kurtosis
Panel A: the rational scenario
1	2.011	11.907
2	2.176	12.891
3	2.191	12.940
4	2.186	12.933
5	2.096	12.433
Panel B: the irrational scenario
d	Skewness	Kurtosis
1	2.244	13.268
2	2.165	12.808
3	2.170	12.844
4	2.227	13.088
5	2.035	12.039