TY - GEN
T1 - IS MORE INFORMATION BETTER? THE EFFECT OF TRADERS’ IRRATIONAL BEHAVIOR ON AN ARTIFICIAL STOCK MARKET
AU - Yue, Wei T.
AU - Chaturvedi, Alok R.
AU - Mehta, Shailendra
N1 - Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].
PY - 2000
Y1 - 2000
N2 - This paper presents a computer simulated artificial stock market to examine market rationality issues. We construct economic agents with different degrees of irrationality to participate in the stock market. The agents replicate the irrational behaviors described in the psychology and finance literatures and determine the outcome of the market. The main focus of this study is to examine the two contradicting (efficient market versus noise trading) finance hypotheses in the presence of rational and irrational traders. © 2000, Association for Information Systems. All rights reserved.
AB - This paper presents a computer simulated artificial stock market to examine market rationality issues. We construct economic agents with different degrees of irrationality to participate in the stock market. The agents replicate the irrational behaviors described in the psychology and finance literatures and determine the outcome of the market. The main focus of this study is to examine the two contradicting (efficient market versus noise trading) finance hypotheses in the presence of rational and irrational traders. © 2000, Association for Information Systems. All rights reserved.
UR - https://www.scopus.com/pages/publications/84898316249
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-84898316249&origin=recordpage
M3 - RGC 32 - Refereed conference paper (with host publication)
T3 - Proceedings of the 21st International Conference on Information Systems, ICIS 2000
SP - 660
EP - 666
BT - Proceedings of the 21st International Conference on Information Systems, ICIS 2000
PB - Association for Information Systems
T2 - 21st International Conference on Information Systems (ICIS 2000)
Y2 - 10 December 2000 through 13 December 2000
ER -