Green finance and modeling the behavior of its participants

KLIUCHNIKOV O.I.
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A three-agent model of behavior of participants of green financing is proposed. By modeling the behavior of the main participants, the mechanism of adaptation of the system and agents to internal and external pressure is analyzed in order to preserve their functionality and increase the productivity and efficiency of green financing.

The paper combines two problems: the nature of relations in the field of green finance on the example of green bonds and local agnet models. To do this, the concept of green finance is clarified and the behavior of participants in green finance is analyzed. The agent-based model allows you to analyze a realistic picture of the behavior of agents pursuing rational goals, taking into account current behavior and subjective expectations. This behavior is defined in the article as «soft» rationality, which differs from traditional rationality, corresponding to the efficient market hypothesis, and irrational behavior, corresponding to behavioral finance.

Funding
This research received no external funding.

How to Cite

(1)
KLIUCHNIKOV, O. I. Green Finance and Modeling the Behavior of Its Participants. Ученые записки Международного банковского института 2021, No. 2 (36), 87-105.
CC BY-NC 4.0 CC Attribution-NonCommercial 4.0 International

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