Dong, Linrong - In: Physica A: Statistical Mechanics and its Applications 376 (2007) C, pp. 573-578
a heterogeneous agent interacting herding model, by introducing a parameter, reliability k, thus leading to the …Financial markets consist of agent clusters with different sizes and orientations (buy or sell). When two heterogeneous … agent clusters encounter, an exchange occurs; while two homogeneous ones meet, they may merge into a bigger one. We propose …