Sabatelli, Lorenzo; Richmond, Peter - In: Physica A: Statistical Mechanics and its Applications 344 (2004) 1, pp. 62-66
We develop a model of trading orders based on opinion dynamics. The agents may be thought as the share holders of a major mutual fund rather than as direct traders. The balance between their buy and sell orders determines the size of the fund order (volume) and has an impact on prices and...