Chang, Iksoo; Stauffer, Dietrich - In: Physica A: Statistical Mechanics and its Applications 264 (1999) 1, pp. 294-298
The percolation model of Cont and Bouchaud for the herding of noise traders is generalized to take into account also the fundamental value of the traded object, not only the behaviour of other traders. Monte Carlo simulations with 10012 and 77 traders give no drastic change in the histogram of...