A Continuous Time Asynchronous Model of the Stock Market; Beyond the LLS Model

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dc.creatorShatner, M.
dc.creatorMuchnik, L.
dc.creatorLeshno, M.
dc.creatorSolomon, S.
dc.date2000-05-25
dc.date.accessioned2026-07-07T12:06:26Z
dc.date.available2026-07-07T12:06:26Z
dc.descriptionIn order to simulate the complex phenomena manifested in stock markets, we introduce a continuous asynchronous model in which millions of individual traders interact through a central orders matching mechanism, just as it happens in real stock markets. Each trader has a unique decision function, which allows him/ her to trade at any time, to react to external news, to respond to price changes (or volume, volatility, etc.), and to consider the "fundamental price". As a simple example we consider three "generic" decision functions, which correspond to three trader profiles: Noisy, Fundamentalist and Chartist.
dc.descriptionTalk at International Workshop "Economic Dynamics from the Physics Point of View" Physikzentrum Bad Honnef, Germany, 27 - 30 March 2000; To appear in Physica A
dc.identifierhttps://arxiv.org/abs/cond-mat/0005430
dc.identifierhttp://arxiv.org/abs/cond-mat/0005430
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/208657
dc.subjectStatistical Mechanics
dc.subjectAdaptation and Self-Organizing Systems
dc.subjectTrading and Market Microstructure
dc.titleA Continuous Time Asynchronous Model of the Stock Market; Beyond the LLS Model
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