IS MORE INFORMATION BETTER? THE EFFECT OF TRADERS’ IRRATIONAL BEHAVIOR ON AN ARTIFICIAL STOCK MARKET
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 21st International Conference on Information Systems, ICIS 2000 |
| Publisher | Association for Information Systems |
| Pages | 660-666 |
| Publication status | Published - 2000 |
| Externally published | Yes |
Publication series
| Name | Proceedings of the 21st International Conference on Information Systems, ICIS 2000 |
|---|
Conference
| Title | 21st International Conference on Information Systems (ICIS 2000) |
|---|---|
| Place | Australia |
| City | Brisbane |
| Period | 10 - 13 December 2000 |
Link(s)
Abstract
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.
Bibliographic Note
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Citation Format(s)
IS MORE INFORMATION BETTER? THE EFFECT OF TRADERS’ IRRATIONAL BEHAVIOR ON AN ARTIFICIAL STOCK MARKET. / Yue, Wei T.; Chaturvedi, Alok R.; Mehta, Shailendra.
Proceedings of the 21st International Conference on Information Systems, ICIS 2000. Association for Information Systems, 2000. p. 660-666 (Proceedings of the 21st International Conference on Information Systems, ICIS 2000).
Proceedings of the 21st International Conference on Information Systems, ICIS 2000. Association for Information Systems, 2000. p. 660-666 (Proceedings of the 21st International Conference on Information Systems, ICIS 2000).
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review
