A prototype model of stock exchange
- 1 December 1997
- journal article
- Published by IOP Publishing in Europhysics Letters
- Vol. 40 (5), 479-484
- https://doi.org/10.1209/epl/i1997-00491-5
Abstract
A prototype model of stock market is introduced and studied numerically. In this self-organized system, we consider only the interaction among traders without external influences. Agents trade according to their own strategy, to accumulate his assets by speculating on the price's fluctuations which are produced by themselves. The model reproduced rather realistic price histories whose statistical properties are also similar to those observed in real markets.Keywords
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This publication has 4 references indexed in Scilit:
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