Market Diversity and Market Efficiency: The Approach Based on Genetic Programming
Market Diversity and Market Efficiency: The Approach Based on Genetic Programming
复制标题
市场多样性和市场效率：基于基因编程的方法
DOI：
--
复制
发表时间：
2001
期刊：
影响因子：
--
通讯作者：
Shu
中科院分区：
文献类型：
--
作者：
C. Yeh;Shu
研究了市场多样性与市场效率之间的关系。经济异质性是经济系统的基本驱动力和基本属性。拥有不同观点、技术或禀赋的人都可能从他们构成经济活动的交易行为中获益。本文采用基于人工股票市场增长领域的经济模拟来研究这一问题。使用市场规模和不同的学习方式来讨论异质性的影响。模拟结果表明，更多的参与者和个人学习会导致交易者的多样性程度更高，从而提高市场效率。
The relation between market diversity and market efficiency has been studied. Economic heterogeneity is a fundamental driving force and an essential property in the economic systems. People who have different perspectives, technologies, or endowments may benefit from their trading behavior which constitutes economic activities. In this paper, economic simulation based on the growing field of artificial stock market is employed to study this issue. Market size and different learning styles are used to discuss the influence of heterogeneity. Simulation results have demonstrated that more participants and individual learning cause higher degree of traders’ diversity, which, in turn, enhances market efficiency.
DOI：
--
发表时间：
1992
期刊：
--
影响因子：
--
作者：
J. Koza
通讯作者：
J. Koza