Skip to content

Socioeconophysics: Opinion Dynamics for number of transactions and price, a trader based model

Caglar Tuncay

physics.soc-pharXiv:physics/0604179

Abstract

Involving effects of media, opinion leader and other agents on the opinion of individuals of market society, a trader based model is developed and utilized to simulate price via supply and demand. Pronounced effects are considered with several weights and some personal differences between traders are taken into account. Resulting time series and probabilty distribution function involving a power law for price come out similar to the real ones.

Create a lesson