Title :
Minority games with asynchronous trading
Author :
de Gelder, M.D. ; Kaymak, U. ; Boer, K. ; van Asperen, E.
Author_Institution :
Econometric Inst., Erasmus Sch. of Econ., Erasmus Univ., Rotterdam
Abstract :
The minority game has been proposed as a simplified model for studying dynamics in financial markets. However, minority games assume synchronous trading, while most financial markets are asynchronous. In this paper, we investigate asynchronous models for the minority games within a framework for asynchronous continuous trading in financial markets. We propose four possible extensions to the synchronous game and study their effects on the market dynamics
Keywords :
game theory; stock markets; asynchronous continuous trading; financial markets; market dynamics; minority games; synchronous trading; Computational modeling; Econometrics; Environmental economics; Frequency; Java; Mathematical model;
Conference_Titel :
Computational Intelligence Methods and Applications, 2005 ICSC Congress on
Conference_Location :
Istanbul
Print_ISBN :
1-4244-0020-1
DOI :
10.1109/CIMA.2005.1662363
