刊名:Physica A: Statistical Mechanics and its Applications
出版年:2017
出版时间:1 February 2017
年:2017
卷:467
期:Complete
页码:345-355
全文大小:1653 K
卷排序:467
文摘
An Artificial Continuous Double Auction Market is simulated. The price–volume relationship is investigated with MDH and SIAH. Results are held for SIAH when the number of informed investors is close to the number of uninformed investors. Results are held for MDH when informed investor dominates the market. Investor structure is a key factor in determining the price–volume relationship.