Gong, Qingbin; Tang, Zili; Xu, Bing - In: Journal of innovation & knowledge : JIK 6 (2021) 3, pp. 191-195
The financial market provides a mechanism for aggregating information of heterogeneous traders, who have different beliefs, knowledge and trading strategies. This paper studies the interactions between heterogeneous traders and their impacts on price discovery by developing a pricing model for...