Issue |
Europhys. Lett.
Volume 40, Number 5, December I 1997
|
|
---|---|---|
Page(s) | 479 - 484 | |
Section | General | |
DOI | https://doi.org/10.1209/epl/i1997-00491-5 | |
Published online | 01 September 2002 |
A prototype model of stock exchange
1
Istituto Nazionale di Fisica
della Materia (INFM ) Sezione di Trieste and SISSA Trieste, Italy
Department of Theoretical Physics, The University -
M13 9PL Manchester, UK
2
Institut de Physique Théorique, Université de Fribourg
Pérolles, Fribourg CH-1700, Switzerland
Received:
6
March
1997
Accepted:
20
October
1997
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 their 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.
PACS: 01.75.+m – Science and society / 02.50.Le – Decision theory and game theory / 05.40.+j – Fluctuation phenomena, random processes, and Brownian motion
© EDP Sciences, 1997
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.