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

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.

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Year of publication:	2005-03-09
Authors:	Challet, Damien
Institutions:	EconWPA
Subject:	Financial market \| agent-based modelling \| minority game \| majority game \| $-game \| information \| market efficiency

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Extent:	application/pdf
Series:	Finance.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 6 6 pages
Classification:	G - Financial Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005561629