2 research outputs found
Volatility and Agent Adaptability in a Self-Organizing Market
We present results for the so-called `bar-attendance' model of market
behavior: adaptive agents, each possessing prediction rules chosen
randomly from a pool, attempt to attend a bar whose cut-off is . The global
attendance time-series has a mean near, but not equal to, . The variance, or
`volatility', can show a minimum with increasing adaptability of the individual
agents.Comment: 8 pages, 3 figs. [email protected], [email protected]