Dynamics of Interacting Strategies

Masanao Aoki and Hiroyuki Moriya ()
Additional contact information
Hiroyuki Moriya: Oxford Financial Education

A chapter in Practical Fruits of Econophysics, 2006, pp 194-199 from Springer

Abstract: Abstract This paper presents the model of the dynamics process of switching the strategies adopted by a large number of agents according to their views of what they deem as the most advantageous strategy in relation to the behavior of other agents and/or exogenous environments. The process of switching the strategies is modeled by the master equation by suitably specifying the transition rates of continuous time Markov chains. The computer simulation explains the effects of demand-supply imbalance created by short-medium term traders in the dollar-yen foreign exchange market.

Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-4-431-28915-9_35

Ordering information: This item can be ordered from
http://www.springer.com/9784431289159

DOI: 10.1007/4-431-28915-1_35

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().