Murakami, Ryo; Nakamura, Tomomichi; Kimura, Shin; … - In: Physica A: Statistical Mechanics and its Applications 420 (2015) C, pp. 179-189
We investigate possible origins of the trends in financial markets, where trend we refer to as is a relatively long … driving force term to generate trends forcibly. We find that the trend can be generated by this simple model without any … expected forthcoming direction of price change, (ii) non-monotonic trends spontaneously emerge when dealers cannot obtain …