TY  - JOUR
N2  - 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.
KW  - PACS: 02.50.Le Decision theory and game theory; 01.75.+m Science and society

JF  - EPL (Europhysics Letters)
PB  - IOPscience
EP  - 484
IS  - 5
VL  - 40
ID  - eprints1175
SP  - 479
SN  - 0295-5075      
AV  - none
UR  - http://dx.doi.org/10.1209/epl/i1997-00491-5
A1  - Caldarelli, Guido
A1  - Marsili, Matteo
A1  - Zhang, Yi-Cheng
TI  - A prototype model of stock exchange
Y1  - 1997/10//
ER  -