Economics, Econometrics and Finance
4 years ago

New model predicts financial market behavior with unprecedented accuracy.

arXiv (Cornell University)
Computational modeling of collective human behavior: Example of financial markets
Andy Kirou, Błażej Ruszczycki, Markus Walser, Neil F. Johnson

Paper Summary

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Researchers combined two incomplete financial market models to create a more accurate model. By giving virtual traders access to both global and local information, the new model better reflects real-world market behaviors. This approach can be applied to various systems where collective human behavior is observed.