Evaluación del efecto de la psicología del inversionista en un mercado bursátil artificial mediante su grado de eficiencia

Translated title of the contribution: Evaluation of the effect of investor psychology on an artificial stock market through its degree of efficiency

Juan Benjamin Duarte Duarte, Leonardo Hernán Talero Sarmiento, Katherine Julieth Sierra Juárez

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

The main objective of this article is to develop a Cellular Automaton Model in which more than one type of stockbroker interact, and where the use and exchange of information between investors describe the complexity measured through the estimation of the Hurst exponent. This exponent represents an efficient or random market when it has a value equal to 0.5. Thanks to the various proposals, it can be determined in this investigation that a rational component must exist in the simulator in order to generate an efficient behavior.

Translated title of the contributionEvaluation of the effect of investor psychology on an artificial stock market through its degree of efficiency
Original languageSpanish
Pages (from-to)1361-1376
Number of pages16
JournalContaduria y Administracion
Volume62
Issue number4
DOIs
StatePublished - Oct 2017
Externally publishedYes

Fingerprint

Dive into the research topics of 'Evaluation of the effect of investor psychology on an artificial stock market through its degree of efficiency'. Together they form a unique fingerprint.

Cite this