Trader dynamics in a model market

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dc.creatorJohnson, Neil F.
dc.creatorHart, Michael
dc.creatorHui, Pak Ming
dc.creatorZheng, Dafang
dc.date1999-10-06
dc.date.accessioned2026-07-07T03:14:45Z
dc.date.available2026-07-07T03:14:45Z
dc.descriptionWe explore various extensions of Challet and Zhang's Minority Game in an attempt to gain insight into the dynamics underlying financial markets. First we consider a heterogeneous population where individual traders employ differing `time horizons' when making predictions based on historical data. The resulting average winnings per trader is a highly non-linear function of the population's composition. Second, we introduce a threshold confidence level among traders below which they will not trade. This can give rise to large fluctuations in the `volume' of market participants and the resulting market `price'.
dc.descriptionWork presented at the EPS Dublin finance conference (July '99)
dc.identifierhttps://arxiv.org/abs/cond-mat/9910072
dc.identifierhttp://arxiv.org/abs/cond-mat/9910072
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/29790
dc.subjectCondensed Matter
dc.titleTrader dynamics in a model market
dc.typetext

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