Market self-organizes with finite agents, changing dynamics and attracting speculation.
The article explains how a group of agents can organize themselves in a market with a specific number of participants. When the market is too stable, traders lose interest, but when prices move, more agents join in. This self-organization is influenced by the fear of risk and noise in the market. Changing the rules for entering or leaving the market affects how the system organizes itself. Trying to force the system to organize differently leads to unrealistic results. The findings suggest that these ideas could apply to other situations beyond this specific model.