{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,3,29]],"date-time":"2022-03-29T05:50:23Z","timestamp":1648533023852},"reference-count":5,"publisher":"World Scientific Pub Co Pte Lt","issue":"03","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. J. Info. Tech. Dec. Mak."],"published-print":{"date-parts":[[2003,9]]},"abstract":"<jats:p> Our previous experiments in a continuous double auction market with k-ZI traders have produced interesting results: (1) the number of transactions increases when parameter \"k\" increases and (2) different values of \"k\" reflect differently offer strategies for k-ZI traders. In this paper, we prove theoretically and experimentally a relationship between the trade ratio and the offer strategy for k-ZI traders in a continuous double auction market. An important implication of the relationship is that a trader's offer strategy is able to influence the performance of a continuous double auction market, such as the number of transactions. Consequently, the trader's offer strategy is an important parameter to help us to analyze the \"Smith's mystery\" by controlled experiments. <\/jats:p>","DOI":"10.1142\/s0219622003000719","type":"journal-article","created":{"date-parts":[[2003,8,27]],"date-time":"2003-08-27T05:37:56Z","timestamp":1061962676000},"page":"381-395","source":"Crossref","is-referenced-by-count":0,"title":["Relationship Between Offer Strategy and Trade Ratio  for k-ZI Traders in Continuous Double Auction Market"],"prefix":"10.1142","volume":"02","author":[{"given":"Wenjie","family":"Zhan","sequence":"first","affiliation":[{"name":"School of Management, Huazhong University  of Science and Technology, Wuhan 430074, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Shouyang","family":"Wang","sequence":"additional","affiliation":[{"name":"Institute of Systems Science,  Academy of Mathematics and Systems Sciences, Chinese Academy of Sciences,  Beijing 100080, China"},{"name":"Institute of Policy and Planning,  Tsukuba University, Japan"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"K. K.","family":"Lai","sequence":"additional","affiliation":[{"name":"Department of Management Sciences,  City University of Hong Kong, Tat Chee Avenue, Kowloon,  Hong Kong, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2011,11,20]]},"reference":[{"key":"rf1","doi-asserted-by":"publisher","DOI":"10.1016\/0165-1889(95)00901-9"},{"key":"rf4","doi-asserted-by":"publisher","DOI":"10.1086\/261868"},{"key":"rf5","doi-asserted-by":"crossref","unstructured":"J.\u00a0Rust, J. H.\u00a0Miller and R.\u00a0Palmer, In the Double Auction Market: Institutions, Theories, and Evidence, Behavior of trading automata in a computerized double auction market, eds. D.\u00a0Friedman and J.\u00a0Rust (Addison-Wesley, 1993)\u00a0pp. 155\u2013197.","DOI":"10.4324\/9780429492532-8"},{"key":"rf6","first-page":"923","volume":"72","author":"Smith V. L.","journal-title":"American Economic Review"},{"key":"rf8","doi-asserted-by":"publisher","DOI":"10.1142\/S0219622002000385"}],"container-title":["International Journal of Information Technology &amp; Decision Making"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219622003000719","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,7]],"date-time":"2019-08-07T10:24:59Z","timestamp":1565173499000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219622003000719"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2003,9]]},"references-count":5,"journal-issue":{"issue":"03","published-online":{"date-parts":[[2011,11,20]]},"published-print":{"date-parts":[[2003,9]]}},"alternative-id":["10.1142\/S0219622003000719"],"URL":"https:\/\/doi.org\/10.1142\/s0219622003000719","relation":{},"ISSN":["0219-6220","1793-6845"],"issn-type":[{"value":"0219-6220","type":"print"},{"value":"1793-6845","type":"electronic"}],"subject":[],"published":{"date-parts":[[2003,9]]}}}