LISS panel - Estimation of a behavioral model within an agent-based model of a financial market

This study aims to estimate and validate heterogeneous agent-based models in finance. These models implement behavioral theories computationally, emphasizing limited optimization abilities of economic agents and describing their behavior in financial markets by pointing to simple “rules of thumb”. The questions include individual risk attitudes, portfolio composition, beliefs about stock markets, and information exchange. The answers are used to estimate and measure the parameters that are crucial to the behavior of agents and the market as a whole.