Adaptive Behavior and Strategy Switching

Wei Zhang, Ziqiang Wu, Yongjie Zhang () and Xiong Xiong
Additional contact information
Wei Zhang: College of Management and Economics, Tianjin University, No. 92, Weijin Road, Nankai District, Tianjin 300072, China;
Ziqiang Wu: College of Management and Economics, Tianjin University, No. 92, Weijin Road, Nankai District, Tianjin 300072, China
Yongjie Zhang: College of Management and Economics, Tianjin University, No. 92, Weijin Road, Nankai District, Tianjin 300072, China;
Xiong Xiong: College of Management and Economics, Tianjin University, No. 92, Weijin Road, Nankai District, Tianjin 300072, China;

International Journal of Information Technology & Decision Making (IJITDM), 2014, vol. 13, issue 03, 567-584

Abstract: Using the Agent-based Computational Finance (ACF) method, we build an artificial stock market with heterogeneous adaptive investors and investigate the evolutionary and interacting relationship between rational investors and irrational investors. We find that with strategy switching, there is a symbiosis among the three kinds of investors in the ACF experiments, although the rational investors are often dominant in the market. And our main findings are robust with agents' scale. When the initial values change, the market ecology achieves new equilibrium.

Keywords: Adaptive; Strategy switching; ACF; Symbiosis (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219622014500503
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitdm:v:13:y:2014:i:03:n:s0219622014500503

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219622014500503

Access Statistics for this article

International Journal of Information Technology & Decision Making (IJITDM) is currently edited by Yong Shi

More articles in International Journal of Information Technology & Decision Making (IJITDM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().