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Proceedings Paper

Bubbles in a minority game setting with real financial data
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Paper Abstract

It is a well observed fact that markets follow both positive and/or negative trends, crashes and bubble effects. In general a strong positive trend is followed by a crash--a famous example of these effects was seen in the recent crash on the NASDAQ (April 2000) and prior to the crash in the Hong Kong market, which was associated with the Asian crisis in the early 1994. In this paper we use real market data coupled into a minority game with different payoff functions to study the dynamics and the location of financial bubbles.

Paper Details

Date Published: 5 January 2006
PDF: 5 pages
Proc. SPIE 6039, Complex Systems, 60390C (5 January 2006); doi: 10.1117/12.673126
Show Author Affiliations
Frédéric D.R. Bonnet, Univ. of Adelaide (Australia)
Andrew Allison, Univ. of Adelaide (Australia)
Derek Abbott, Univ. of Adelaide (Australia)


Published in SPIE Proceedings Vol. 6039:
Complex Systems
Axel Bender, Editor(s)

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