Zhong, Li-Xin; Xu, Wen-Juan; Ren, Fei; Shi, Yong-Dong - In: Physica A: Statistical Mechanics and its Applications 392 (2013) 9, pp. 2139-2149
By incorporating market impact and asymmetric sensitivity into the evolutionary minority game, we study the coevolutionary dynamics of stock prices and investment strategies in financial markets. Both the stock price movement and the investors’ global behavior are found to be closely related...