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» Evolving Market Design in Zero-Intelligence Trader Markets
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IWLCS
2001
Springer
15 years 1 months ago
Explorations in LCS Models of Stock Trading
In previous papers we have described the basic elements for building an economic model consisting of a group of artificial traders functioning and adapting in an environment conta...
Sonia Schulenburg, Peter Ross
AMMA
2009
Springer
15 years 4 months ago
Impact of Misalignment of Trading Agent Strategy across Multiple Markets
We examine the effect of a market pricing policy designed to attract high-valued traders in a multiple market context using JCAT software. Our experiments show that a simple change...
Jung-woo Sohn, Sooyeon Lee, Tracy Mullen
ATAL
2006
Springer
15 years 1 months ago
Evolutionary Optimization of ZIP60: A Controlled Explosion in Hyperspace
The "ZIP" adaptive trading algorithm has been demonstrated to outperform human traders in experimental studies of continuous double auction (CDA) markets. The original Z...
Dave Cliff
WINE
2010
Springer
144views Economy» more  WINE 2010»
14 years 7 months ago
An Axiomatic Characterization of Continuous-Outcome Market Makers
Abstract. Most existing market maker mechanisms for prediction markets are designed for events with a finite number of outcomes. All known attempts on designing market makers for f...
Xi Alice Gao, Yiling Chen
FC
2007
Springer
138views Cryptology» more  FC 2007»
15 years 3 months ago
Cryptographic Securities Exchanges
While transparency in financial markets should enhance liquidity, its exploitation by unethical and parasitic traders discourages others from fully embracing disclosure of their o...
Christopher Thorpe, David C. Parkes