A variation of the Minority Game has been applied to study the timing of promotional actions at retailers in the fast moving consumer goods market. The underlying hypotheses for this work are that price promotions are more effective when fewer than average competitors do a promotion, and that a prom
Minority game and anomalies in financial markets
โ Scribed by Xinghua Liu; Xiaobei Liang; Bingyong Tang
- Publisher
- Elsevier Science
- Year
- 2004
- Tongue
- English
- Weight
- 250 KB
- Volume
- 333
- Category
- Article
- ISSN
- 0378-4371
No coin nor oath required. For personal study only.
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Standard finance theory generally assumes homogeneous agents relatively to their preferences, heuristics and investment strategies. We propose to study, in an agent-based simulation, the emergence of equilibrium under various heterogeneous conditions. Market interaction is stylized with the Minority
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