Behavioural heterogeneity in the housing market : a comparison between Singapore and Hong Kong
Unlike the Benchmark Rational Expectations Model (BRM), the Heterogeneous Agent Model (HAM) recognises that the assumption of market players having full rationality is often unrealistic. Instead, it claims that players have heterogeneous behaviours and bounded rationality. Over the years, HAM has be...
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| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2021
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| Online Access: | https://hdl.handle.net/10356/148339 |