How do traders process and learn from market information, what trading strategies should they use, and how does learning affect the market? This paper proposes a two-sided learning model of an artificial limit order market with asymmetric information to address these issues. Using a genetic...

In this paper we investigate the dynamics of the traditional cobweb model where producres are risk averse and seek to learn the distribution of asset prices. We consider the subjective estimates of the statistical distribution of the market prices based on L-step backward time series of market...