SOCIOECONOPHYSICS: OPINION DYNAMICS FOR NUMBER OF TRANSACTIONS AND PRICE, A TRADER BASED MODEL

Çağlar Tuncay ()
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Çağlar Tuncay: Department of Physics, Middle East Technical University, 06531 Ankara, Turkey

International Journal of Modern Physics C (IJMPC), 2006, vol. 17, issue 10, 1495-1500

Abstract: Involving effects of media, opinion leader and other agents on the opinion of individuals of market society, a trader based model is developed and utilized to simulate price via supply and demand. Pronounced effects are considered with several weights and some personal differences between traders are taken into account. Resulting time series and probabilty distribution function involving a power law for price come out similar to the real ones.

Keywords: Socioeconophysics; opinion dynamics (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0129183106009667

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