Market behaviors and dynamic evolution on heterogeneous agent clusters

Citations of this article
Mendeley users who have this article in their library.
Get full text


Financial markets consist of agent clusters with different sizes and orientations (buy or sell). When two heterogeneous agent clusters encounter, an exchange occurs; while two homogeneous ones meet, they may merge into a bigger one. We propose a heterogeneous agent interacting herding model, by introducing a parameter, reliability k, thus leading to the asymmetry of the action of trading and incorporating. Numerical calculation shows that the artificial market dynamics changes significantly when varying reliability. For a specific k, the dynamics exhibit some behaviors very close to real markets. © 2006 Elsevier B.V. All rights reserved.




Dong, L. (2007). Market behaviors and dynamic evolution on heterogeneous agent clusters. Physica A: Statistical Mechanics and Its Applications, 376(1–2), 573–578.

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free