Johnson, N.F.; Jarvis, S.; Jonson, R.; Cheung, P.; … - In: Physica A: Statistical Mechanics and its Applications 258 (1998) 1, pp. 230-236
We present results for the so-called “bar-attendance” model of market behavior: p adaptive agents, each possessing n prediction rules chosen randomly from a pool, attempt to attend a bar whose cut-off is s. The global attendance time series has a mean near, but not equal to, s. The variance,...