eprintid: 1175
rev_number: 12
eprint_status: archive
userid: 6
dir: disk0/00/00/11/75
datestamp: 2012-02-24 13:11:10
lastmod: 2013-11-20 13:15:01
status_changed: 2012-02-24 13:11:10
type: article
metadata_visibility: show
creators_name: Caldarelli, Guido
creators_name: Marsili, Matteo
creators_name: Zhang, Yi-Cheng
creators_id: guido.caldarelli@imtlucca.it
creators_id: 
creators_id: 
title: A prototype model of stock exchange
ispublished: pub
subjects: QC
divisions: EIC
full_text_status: none
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.
date: 1997-10
date_type: published
publication: EPL (Europhysics Letters)
volume: 40
number: 5
publisher: IOPscience
pagerange: 479-484
id_number: 10.1209/epl/i1997-00491-5
refereed: TRUE
issn: 0295-5075      
official_url: http://dx.doi.org/10.1209/epl/i1997-00491-5
related_url_url: http://arxiv.org/abs/cond-mat/9709118
citation:   Caldarelli, Guido and Marsili, Matteo and Zhang, Yi-Cheng  A prototype model of stock exchange.  EPL (Europhysics Letters), 40 (5).  pp. 479-484.  ISSN 0295-5075       (1997)