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Trading model with pair pattern strategies
Ren, F.; Zhang, Y.C. - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 22, pp. 5523-5534
A simple trading model based on pair pattern strategy space with holding periods is proposed. Power-law behavior is observed for the return variance σ2, the price impact H and the predictability K for both models, with linear and square root impact functions. The sum of the traders’ wealth...
Persistent link: https://www.econbiz.de/10011062108
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Emergence of trend trading and its effects in minority game
Liu, Xing-Hua; Liang, Xiao-Bei; Wang, Nai-Jing - In: Physica A: Statistical Mechanics and its Applications 369 (2006) 2, pp. 771-779
In this paper, we extended Minority Game (MG) by equipping agents with both value and trend strategies. In the new …
Persistent link: https://www.econbiz.de/10010588930
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An Extended Reinforcement Algorithm for Estimation of Human Behaviour in Experimental Congestion Games
Chmura, Thorsten; Pitz, Thomas - In: Journal of Artificial Societies and Social Simulation 10 (2007) 2, pp. 1-1
The paper reports simulations applied on two similar congestion games: the first is the classical minority game. The … second one is an asymmetric variation of the minority game with linear payoff functions. For each game, simulation results …
Persistent link: https://www.econbiz.de/10005481600
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An evolutionary game theory model of binary opinion formation
Ding, Fei; Liu, Yun; Shen, Bo; Si, Xia-Meng - In: Physica A: Statistical Mechanics and its Applications 389 (2010) 8, pp. 1745-1752
general people who tend to find an agreement; minority games are proposed to model the behaviors of contrarians; opinion …
Persistent link: https://www.econbiz.de/10010872421
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Evolutionary minority games: the benefits of imitation
Metzler, Richard; Horn, Christian - In: Physica A: Statistical Mechanics and its Applications 329 (2003) 3, pp. 484-498
In the original Evolutionary Minority Game, a segregation into two populations with opposing preferences is observed … of the EMG to more than two choices, and for evolutionary dynamics of a different stochastic strategy for the Minority …
Persistent link: https://www.econbiz.de/10010588497
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Multiple choice minority game
Chow, F.K; Chau, H.F - In: Physica A: Statistical Mechanics and its Applications 319 (2003) C, pp. 601-615
Minority game is a model of heterogeneous players who think inductively. In this game, each player chooses one out of … two alternatives every turn and those who end up in the minority side wins. It is instructive to extend the minority game … variation of the minority game where every player has more than two options. Results of numerical simulations agree with the …
Persistent link: https://www.econbiz.de/10010590351
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Storable Votes: Giving Voice to Minority Preferences without Sacrificing Efficiency
Casella, Alessandra; Palfrey, Thomas; Riezman, Raymond - In: CESifo DICE Report 5 (2007) 3, pp. 17-22
Persistent link: https://www.econbiz.de/10005056461
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Collective behavior and options volatility smile: An agent-based explanation
Liu, Yi-Fang; Zhang, Wei; Xu, Hai-Chuan - In: Economic Modelling 39 (2014) C, pp. 232-239
This paper represents an initial effect to shed light on the determinants of option implied volatility smile from the micro perspective of traders' behavior. We compare the zero intelligence behavior and the collective behavior with the agent-based simulation. We find that the constant implied...
Persistent link: https://www.econbiz.de/10010781987
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Financial Markets Can Be at Sub-Optimal Equilibria
Joshi, Shareen; Parker, Jeffrey; Bedau, Mark A. - Santa Fe Institute - 1999
We use game theory and the Santa Fe Artificial Stock Market, an agent-based model of an evolving stock market, to study the properties of strategic Nash equilibria in financial markets. We discover two things: there is a unique strategic equilibrium in the market, and this equilibrium in...
Persistent link: https://www.econbiz.de/10005623644
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Risk, Networks, and Ecological Explanations for the Emergence of Cooperation in Commons Governance
Henry, Adam Douglas; Vollan, Bjoern - In: Rationality, Markets and Morals 3 (2012) 10
The commons literature increasingly recognizes the importance of contextual factors in driving collaboration in governance systems. Of particular interest are the ways in which the attributes of a resource system influence the dynamics of cooperation. While this may occur through many pathways,...
Persistent link: https://www.econbiz.de/10010878247