finance01 "Jean-Philippe Bouchaud",copycat heuristic rule, appli

来源: marketreflections 2011-08-19 16:06:18 [] [博客] [旧帖] [给我悄悄话] 本文已被阅读: 次 (3845 bytes)

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The Endogenous Dynamics of Markets: Price Impact, Feedback Loops ...

www.ecb.int/events/.../html/.../Session_3_presentation_paper_Bouchaud.pd... 
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the price is precisely the above copycat heuristic rule, applied at a tick-by- tick level. Since all agents are pretty much in the dark ...

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    APPROACHES TO MONETARY POLICY REVISITED - LESSONS FROM THE CRISIS

    www.ecb.int/events/conferences/html/cbc6/13bouchaud6cbc.pdf?... 
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    precisely the above copycat heuristic rule, applied at a tick-by-tick level ...
     
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