| dc.creator (作者) | 陳樹衡 | zh_TW |
| dc.date (日期) | 2003 | - |
| dc.date.accessioned | 24-Nov-2010 22:10:45 (UTC+8) | - |
| dc.date.available | 24-Nov-2010 22:10:45 (UTC+8) | - |
| dc.date.issued (上傳時間) | 24-Nov-2010 22:10:45 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/48596 | - |
| dc.description.abstract (摘要) | In this paper we conduct two experiments within an agent-based double auction market. These two experiments allow us to see the effect of learning and smartness on price dynamics and allocative efficiency. Our results are largely consistent with the stylized facts observed in experimental economics with human subjects. From the amelioration of price deviation and allocative efficiency, the effect of learning is vividly seen. However, smartness does not enhance market performance. In fact, the experiment with smarter agents (agents without a quote limit) results in a less stable price dynamics and lower allocative efficiency. [ABSTRACT FROM AUTHOR] | - |
| dc.language | zh_TW | en |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Advances in Complex Systems,6(3),283-302 | en |
| dc.title (題名) | Trading Restrictions Price Dynamics and Allocative Efficiency in Double Auction Markets：Analysis Based on Agent-Based Modeling and Simulations | en |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1142/S021952590300089X | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1142/S021952590300089X | - |
