Title :
Analysis on Appearance Reasons of the Positive Feedback Traders
Author :
An, Shi ; Wang, Lei ; Huang, He
Author_Institution :
Sch. of Manage., Harbin Inst. of Technol.
fDate :
Aug. 30 2006-Sept. 1 2006
Abstract :
Positive feedback traders buy the asset when price is rising and sell it when price is falling. This type of speculation in short term causes the violent fluctuation for a given asset price, and make great influence to the stabilization of the financial market. The price reaction model under the influence of noise traders is established by considering the influence which the investment cost and information arrival rate make to the arbitrage and asset price. We analyze the reasons and conditions why positive feedback traders are born from quantitative analysis
Keywords :
investment; pricing; stock markets; asset price; financial market stabilization; investment cost; positive feedback trader; price reaction model; Asset management; Costs; Economic forecasting; Feedback; Fluctuations; Helium; Investments; Stock markets; Technology management; Uncertainty;
Conference_Titel :
Innovative Computing, Information and Control, 2006. ICICIC '06. First International Conference on
Conference_Location :
Beijing
Print_ISBN :
0-7695-2616-0
DOI :
10.1109/ICICIC.2006.236
