Finanças comportamentais e o estudo de reações no mercado de capitais através de modelos baseados em agentes

• Ano de defesa: 2010
• Autor(a) principal: Faria, Paulo Roberto Domingues de
• Orientador(a): Kimura, Herbert
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Presbiteriana Mackenzie
• Palavras-chave em Português: eficiência de mercado; finanças comportamentais; simulação baseada em agentes
• Palavras-chave em Inglês: market efficiency; behavioral finance; agent-based model
• Área do conhecimento CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO
• Link de acesso: http://dspace.mackenzie.br/handle/10899/23585

Market efficiency and rationality of economic agents are among the main subjects for debate in the area of Finance. With the development of the field of study of Behavioral Finance some serious works have been developed to improve the financial models with the incorporation of social and psychological elements to the financial theory. This paper presents some of the assumptions of the modern theory of finance and the main ideas of behavioral finance. It also presents empirical research involving the simulation of heterogeneous agents in an artificial stock market. The objective is to evaluate if the interaction of these agents can impact the behavior of asset prices in a different way from that expected by the traditional finance theories.