Abstract
This paper quantitatively studies the endowment effect and the strategy effect in a computerized continuous double auction (CDA) market with k-ZI agents, where supply-demand curves and traders’ strategies are randomly selected. The results demonstrate that both the traders’ endowments and strategies impact their profits and transaction probabilities remarkably in the thin and thick CDA markets.
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Acknowledgement
This paper is sponsored by NSFC (No. 70871045) and by SRF for ROCS, SEM.
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Shao, Y., Zhan, Wj. (2013). Decision Making in CDA with Arbitrary Supply-Demand Curves. In: Qi, E., Shen, J., Dou, R. (eds) Proceedings of 20th International Conference on Industrial Engineering and Engineering Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40063-6_63
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DOI: https://doi.org/10.1007/978-3-642-40063-6_63
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