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Dr. Mikhail Anufriev
Senior Lecturer
Economics Discipline Group
University of Technology, Sydney
M.Escher, Metamorphosis

Mikhail Anufriev

Mailing Address:

 Mikhail Anufriev, 
 UTS Business School
 PO Box 123, Broadway
 NSW 2007, Australia 


 P: +61 2 9514 4078
 F: +61 2 9514 7722

Last modified: 28/03/2012



CV in .pdf format can be found here.

Refereed Publications:

  1. "Excess Covariance and Dynamic Instability in a Multi-Asset Model", 2012, (with G. Bottazzi, M. Marsili and P. Pin), Journal of Economic Dynamics and Control, forthcoming.

  2. "Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments", 2012, with C. Hommes, American Economic Journal: Microeconomics, forthcoming.

  3. "Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations", 2012, (with T. Assenza, C. Hommes and D. Massaro), Macroeconomic Dynamics, forthcoming.

  4. "Asset Pricing with Heterogeneous Investment Horizons", 2012, (with G. Bottazzi), Studies in Nonlinear Dynamics & Econometrics, forthcoming.

  5. "Efficiency of Continuous Double Auctions under Individual Evolutionary Learning with Full or Limited Information", 2011, (with J. Arifovich, J. Ledyard and V. Panchenko), Journal of Evolutionary Economics, forthcoming, doi: 10.1007/s00191-011-0230-8

  6. "Evolutionary Selection of Expectations in Positive and Negative Feedback Markets", 2011, (with C. Hommes and R.Philipse), Journal of Evolutionary Economics, forthcoming, doi: 10.1007/s00191-011-0242-4.

  7. "Evolution of Market Heuristics", 2012, (with C. Hommes), Knowledge Engineering Review, forthcoming.

  8. "Market Equilibria under Procedural Rationality", 2010, (with G. Bottazzi), Journal of Mathematical Economics, 46, 1140-1172.

  9. "Wealth-driven Selection in a Financial Market with Heterogeneous Agents", 2010, (with P. Dindo), Journal of Economic Behavior and Organization, 73(3), 327-58.

  10. "Asset Prices, Traders' Behavior and Market Design", 2009, (with V. Panchenko), Journal of Economic Dynamics and Control, 33(5), 1073-90.

  11. "Wealth-driven Competition in a Speculative Financial Market: Examples with Maximizing Agents", 2008, Quantitative Finance, 8(4), 363-80.

  12. "Evolutionary Switching between Forecasting Heuristics: An Explanation of an Asset-Pricing Experiment", 2008, (with C. Hommes), pp. 41-53 in: K. Schredelseker and F.Hauser (eds.) Complexity and Artificial Markets, Springer.

  13. "Equilibria, Stability, and Asymptotic Dominance in a Speculative Market with Heterogeneous Agents", 2006, (with G. Bottazzi and F. Pancotto), Journal of Economic Dynamics and Control, 30(9-10), 1787-835.

  14. "Heterogeneous Beliefs under Different Market Architecture", 2006, (with V. Panchenko), pp. 269-282 in: C.Bruun (ed.) Advances in Artificial Economics, Springer.

  15. "Equilibrium Return and Agents Survival in a Multiperiod Asset Market: Analytic Support of a Simulational Model", 2006, (with P. Dindo), pp. 3-15 in: C.Bruun (ed.) Advances in Artificial Economics, Springer.

  16. "Noisy Trading in the Large Market Limit", 2006, (with G. Bottazzi), pp. 137-146 in P.Mathieu, B.Beaufils and O. Brandouy (ed.) Artificial Economics, Springer.

  17. "Speculative Equilibria and Asymptotic Dominance in a Market with Adaptive CRRA Traders", 2005, (with G. Bottazzi and F. Pancotto) in Proceedings of SPIE Conference "Noise and fluctuations in econophysics and finance", vol. 5848.

Professional Publications:

  • "Editorial Introduction to Special Issue on Complexity in Economics and Finance", 2009, (with W. Branch), Journal of Economic Dynamics and Control, 33(5), 1019-22.

Some recent presentations of unpublished work:

  • March, 2010 : "The Impact of Short-Selling Constraints on Financial Market Stability", seminar at the Bank of Canada, Ottawa. Slides: [.pdf]

  • June, 2011: "Switching Behavior in the Lab", presentation at the 17th International Conference on Computing in Economics and Finance, San Francisco. Slides: [.pdf]