{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2023,7,5]],"date-time":"2023-07-05T08:29:54Z","timestamp":1688545794114},"reference-count":25,"publisher":"World Scientific Pub Co Pte Lt","issue":"02","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. J. Info. Tech. Dec. Mak."],"published-print":{"date-parts":[[2010,3]]},"abstract":"<jats:p> Investors with different trading strategies can be viewed as different \"species\" in financial markets. Since the asset price is ultimately determined by the individual trading decisions, the combination and evolution of different trader species in financial market ecology will have great impact to the price dynamics. Considering the limitations and shortcomings of traditional analytical approaches in financial economics in dealing with this issue, an agent-based computational model is introduced in this paper. With the co-existence of 3-type trader species that make different decisions based on their own beliefs and constrains, it is found that although rational speculation destabilizes the price process with the presence of positive feedback strategy, as suggested in the literature, introducing extra noise trading behavior to the market will make the price process back to a more stationary situation, meaning that the market will be healthier if more diversified trader species co-exist in the markets. <\/jats:p>","DOI":"10.1142\/s0219622010003841","type":"journal-article","created":{"date-parts":[[2010,4,7]],"date-time":"2010-04-07T07:11:14Z","timestamp":1270624274000},"page":"327-344","source":"Crossref","is-referenced-by-count":11,"title":["TRADER SPECIES WITH DIFFERENT DECISION STRATEGIES AND PRICE DYNAMICS IN FINANCIAL MARKETS: AN AGENT-BASED MODELING PERSPECTIVE"],"prefix":"10.1142","volume":"09","author":[{"given":"WEI","family":"ZHANG","sequence":"first","affiliation":[{"name":"School of Management, Tianjin University, Tianjin 300072, China"},{"name":"Tianjin University of Finance, and Economics, Tianjin 300222, China"}]},{"given":"GEN","family":"LI","sequence":"additional","affiliation":[{"name":"School of Management, Tianjin University, Tianjin 300072, China"}]},{"given":"XIONG","family":"XIONG","sequence":"additional","affiliation":[{"name":"School of Management, Tianjin University, Tianjin 300072, China"}]},{"given":"YONG JIE","family":"ZHANG","sequence":"additional","affiliation":[{"name":"School of Management, Tianjin University, Tianjin 300072, China"}]}],"member":"219","published-online":{"date-parts":[[2011,11,20]]},"reference":[{"key":"rf2","doi-asserted-by":"publisher","DOI":"10.3905\/jpm.2004.442611"},{"key":"rf3","first-page":"425","volume":"19","author":"Sharpe W.","journal-title":"J. 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