Biondo, Alessio Emanuele - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-20, pp. 1-21
This paper presents a simulative model of a financial market, based on a fully operating order book with limit and market orders. The heterogeneity of traders is characterized not only with regards to their trading rules, but also by introducing a behavioral individual risk aversion and a...
