• 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