@article{eprints1175, author = {Guido Caldarelli and Matteo Marsili and Yi-Cheng Zhang}, journal = {EPL (Europhysics Letters)}, publisher = {IOPscience}, number = {5}, pages = {479--484}, month = {October}, volume = {40}, year = {1997}, title = {A prototype model of stock exchange}, keywords = {PACS: 02.50.Le Decision theory and game theory; 01.75.+m Science and society }, abstract = {A prototype model of stock market is introduced and studied numerically. In this self-organized system, we consider only the interaction among traders without external influences. Agents trade according to their own strategy, to accumulate their assets by speculating on the price's fluctuations which are produced by themselves. The model reproduced rather realistic price histories whose statistical properties are also similar to those observed in real markets.}, url = {http://eprints.imtlucca.it/1175/} }