0 a person who uses charts and computer programs to look at how the prices of shares have gone up and down in the past, in order to say how they might change in the future:
This may be the case when a market with a high concentration of chartists displays a strong technical trading signal.
In contrast, chartists use rather flexible extrapolative methods to forecast prices.
Our model is flexible enough to capture chartist behavior.
If g goes to infinity, all chartists enter the market with the highest fitness.
However, every chartist knows that all bubbles eventually burst.
Broadly speaking, chartists tend to destabilize the markets, whereas fundamentalists exercise a stabilizing impact on the dynamics.
Since chartists typically destabilize the market, a bubble is likely to occur.
We want to keep a total of the gains obtained up to period t by following the fundamentalist rule and similarly for the chartist rule.
