Toth, Bence; Scalas, Enrico; Huber, Juergen; Kirchler, … - Volkswirtschaftliche Fakultät, … - 2006
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...