- author = "Chia-Hsuan Yeh and Shu-Heng Chen",
- title = "Market Diversity and Market Efficiency: The Approach Based on Genetic Programming",
- journal = "AISB Journal",
- year = "2001",
- volume = "1",
- number = "1",
- pages = "147--167",
- keywords = "genetic algorithms, genetic programming",
-
URL = "
http://www.aisb.org.uk/publications/aisbj/issues/AISBJ%201(1).pdf",
- abstract = "The relation between market diversity and market efficiency has been studied. Economic heterogeneity is a fundamental driving force and an essential property in the economic systems. People who have different perspectives, technologies, or endowments may benefit from their trading behaviour which constitutes economic activities. In this paper, economic simulation based on the growing field of artificial stock markets is employed to study this issue. Market size and different learning styles are used to discuss the influence of heterogeneity. Simulation results have demonstrated that more participants and individual learning cause higher degree of traders' diversity, which, in turn, enhances market efficiency.",
-
notes = "Department of Information Management, Yuan Ze
University, Chungli, Taoyuan 320, Taiwan,
imcyeh@saturn.yzu.edu.tw
Department of Economics, National Chengchi University, Taipei 11623, Taiwan, chchen@nccu.edu.tw",
