look Markovian at the level of both simple averages and 2-point correlations. And while a Markovian market has no memory to … exploit and presumably cannot be beaten systematically, it has never been shown that martingale memory cannot be exploited in …

Markets have internal dynamics leading to stilized facts, such as fat-tails in price fluctuations and long-run memory …

Considering that memory and conformity could affect the agent’s decision, in this paper, we propose a novel model to …

We show that an increase of memory of past strategy performance in a simple agent-based innovation model, with agents … destabilising. As memory in the fitness measure increases, the amplitude of price fluctuations decreases, but at the same time a … that the map obtained for the system with memory is a convex combination of an increasing linear function and a decreasing …

-point correlations. But while a Markovian market has no memory to exploit and cannot be beaten systematically, a martingale … admits memory that might be exploitable in higher order correlations. We also use the analysis of this paper to correct a …

the aggregate strength of superposed memory traces that have different decay rates in distinct parts of the brain. As we …