Fig. 6
From: Government intervention model based on behavioral heterogeneity for China’s stock market
Average variances of generated data based on HAM2 and HAM3 for a certain number of periods T from 20 to 100. Every period specification is run for 10,000 simulations. HAM2: \(x_{t}=\frac{1}{R^{*}}(0.908n_{f,t}+1.113n_{c,t})x_{t-1}+\epsilon _{t}\), \(\epsilon _{t}\sim N(0,0.048)\); HAM3: \(x_{t}=\frac{1}{R^{*}}(0.908n_{f,t}+1.113n_{c,t}+0.906n_{s,t})x_{t-1}+\epsilon _{t}\), \(\epsilon _{t}\sim N(0,0.048)\)