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 inﬂu- ences. 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.
|Titolo:||A prototype model of stock exchange|
|Data di pubblicazione:||1997|
|Appare nelle tipologie:||1.1 Articolo in rivista|