Learning to trade in an unbalanced market

Volume: 652, Pages: 65 - 76
Published: Sep 26, 2011
Abstract
Recently, Fano et al. [2] have studied the evolution of trading strategies for a double auction when the number of traders increases. They provide two main results. First, the competitive outcome obtains under different market architectures, provided that the size of the market is sufficiently large. Second, the choice of the order-clearing rule affects trading behavior. Under simultaneous order-clearing, marginal traders learn to act as price...
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Paper Details
Title
Learning to trade in an unbalanced market
Published Date
Sep 26, 2011
Volume
652
Pages
65 - 76
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