Dependence of the number of dealers in a stochastic dealer model

Author

Yamada, Kenta and Takayasu, Hideki and Takayasu, Misako

Abstract

We numerically analyze an artificial market model consisted of N dealers with time dependent stochastic strategy. Observing the change of market price statistics for different values of N, it is shown that the statistical properties are almost same when the dealer number is larger than about 30.