Decision Making in CDA with Arbitrary Supply-Demand Curves

Yuan Shao and Wen-jie Zhan ()
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Yuan Shao: Huazhong University of Science and Technology
Wen-jie Zhan: Huazhong University of Science and Technology

A chapter in Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, 2013, pp 633-641 from Springer

Abstract: Abstract This paper quantitatively studies the endowment effect and the strategy effect in a computerized continuous double auction (CDA) market with k-ZI agents, where supply-demand curves and traders’ strategies are randomly selected. The results demonstrate that both the traders’ endowments and strategies impact their profits and transaction probabilities remarkably in the thin and thick CDA markets.

Keywords: Continuous double auction; Endowment effect; k-ZI agent; Strategy effect (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40063-6_63

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DOI: 10.1007/978-3-642-40063-6_63

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