| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10481282 | Physica A: Statistical Mechanics and its Applications | 2013 | 11 Pages |
Abstract
⺠We model coevolutionary dynamics of stock prices and investment strategies. ⺠Prices and strategies are affected by market impact and asymmetric sensitivity. ⺠A linear relation between price fluctuations and mean strategies is found. ⺠Phase transition in stock markets is similar to that in majority-minority game.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Li-Xin Zhong, Wen-Juan Xu, Fei Ren, Yong-Dong Shi,