An Agent-Based Simulation of Stock Market to Analyze the Influence of Trader Characteristics on Financial Market Phenomena

@inproceedings{Hessary2016AnAS,
  title={An Agent-Based Simulation of Stock Market to Analyze the Influence of Trader Characteristics on Financial Market Phenomena},
  author={Yasaman Kamyab Hessary and Mirsad Hadzikadic},
  year={2016}
}
In this work, an agent-based model of stock market is developed to study the effects of trader’s psychological and behavioral characteristics on the overall properties of financial markets. A key feature of this model is local interactions, which allows for global market protocols and behavioral norms to arise from the bottom up. The model stresses… CONTINUE READING