Title of article
Real payoffs and virtual trading in agent based market models
Author/Authors
Fernando F. Ferreira، نويسنده , , Matteo Marsili، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
19
From page
657
To page
675
Abstract
The $-Game was recently introduced as an extension of the Minority Game. In this paper we compare this model with the well know Minority Game and the Majority Game models. Due to the inter-temporal nature of the market payoff, we introduce a two step transaction with single and mixed group of interacting traders. When the population is composed of two different group of $-traders, they show an anti-imitative behavior. However, when they interact with minority or majority players the $-population imitates the usual behavior of these players. Finally we discuss how these models contribute to clarify the market mechanism.
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
2005
Journal title
Physica A Statistical Mechanics and its Applications
Record number
869857
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