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Table 3 Simulation results

From: Government intervention model based on behavioral heterogeneity for China’s stock market

 

\(T=20\)

\(T=30\)

\(T=40\)

\(T=50\)

\(T=60\)

\(T=70\)

\(T=80\)

\(T=90\)

\(T=100\)

HAM3: \(\sigma ^2\)

0.193

0.321

0.467

0.637

0.868

1.262

2.095

4.068

8.997

(0)

(0)

(0)

(0)

(0)

(0)

(0)

(0)

(0)

HAM2: \(\sigma ^2\)

0.201

0.423

1.491

9.391

70.656

545.414

4126.135

18399.631

41607.178

(0)

(0)

(0)

(0)

(0)

(0)

(3)

(91)

(438)

  1. The table presents the average variances for a certain number of periods T from 20 to 100 based on HAM2 and HAM3. Every period specification is run for 10,000 simulations. Invalid simulations are denoted in parentheses