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

Date

2006-10-01

Author

Tuncay, Çağlar

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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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 axe taken into account. Resulting time series and probabilty distribution function involving a power law for price come out similar to the real ones.

Subject Keywords

Mathematical Physics, Computational Theory and Mathematics, General Physics and Astronomy, Statistical and Nonlinear Physics, Computer Science Applications

URI

https://hdl.handle.net/11511/48794

Collections

Department of Physics, Article