Complexity Digest 2003.50 - 03.01
Dec. 15, 2003
A Web-Based Investigation Of Human Market Interactions, Physica A
Abstract: The unprecedented access offered by the World Wide Web brings with it the potential to gather huge amounts of data on human activities. Here we exploit this by using a toy model of financial markets, the Minority Game, to investigate human speculative trading behaviour and information capacity. Hundreds of individuals have played a total of tens of thousands of game turns (...). In particular, our results indicate a transition in players' decision-making, as the markets become more difficult, between deductive behaviour making use of short-term trends in the market, and highly repetitive behaviour that ignores entirely the market history (...).
- Source: The Interactive Minority Game: A Web-Based Investigation Of Human Market Interactions
[ http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6TVG-49P287H-6&_user=10&_handle=W-WA-A-A-BW-MsSAYZW-UUW-AUDAAWWDWA-AVABCEUUB-BW-U&_fmt=summary&_coverDate=01%2F15%2F2004&_rdoc=24&_orig=browse&_srch=%23toc%235534%232004%23996689996%23471064!&_cdi=5534&view=c&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=6e5de08b79d85a3ed3f15619eff00fac ], P. Laureti, P. Ruch, J. Wakeling - joseph.wakelingunifr.ch, Y.-C. Zhang, DOI: 10.1016/j.physa.2003.07.002, Physica A: Statistical Mechanics and its Applications, online 2003/10/03
- Contributed by Atin Das - dasatinyahoo.co.in