Chen, Shu-Heng; Liao, Chung-Chi; Yeh, Chi-Hsuan - Society for Computational Economics - SCE - 2000
Using the framework of agent-based artificial stock markets, this paper addresses the two well-known properties frequently observed in financial markets, namely, price-volume relation and sunspots, from a bottom-up perspective. In spirit of ``bottom-up'', these two phenomena are pursued in a...