Tóth, B.; Scalas, E.; Huber, J.; Kirchler, M. - In: The European Physical Journal B - Condensed Matter and … 55 (2007) 1, pp. 115-120
We present an experimental and simulated model of a multi-agent stock market driven by a double auction order matching mechanism. Studying the effect of cumulative information on the performance of traders, we find a non monotonic relationship of net returns of traders as a function of...