Inter-pattern speculation: beyond minority, majority and $-games

Damien Challet

Finance from University Library of Munich, Germany

Abstract: A new model of financial market is proposed, based on the sequential and inter-temporal nature of trader-trader interaction. In this pattern- based speculation model, the traders open and close their positions explicitely. Information ecology can be precisely characterised, and is strikingly similar to that of the Minority Game. Naive and sophisticated agents are shown to give rise to very different phenomenology.

Keywords: Financial market; agent-based modelling; minority game; majority game; $-game; information; market efficiency (search for similar items in EconPapers)
JEL-codes: G (search for similar items in EconPapers)
Pages: 6 pages
Date: 2005-03-09
Note: Type of Document - pdf; pages: 6
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Inter-pattern speculation: Beyond minority, majority and $-games (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:0503006

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