Pyramid scheme in stock market:A kind of financial market simulation

作     者：Yong Shi Bo Li Guang-Le Du 石勇;李博;杜光乐

作者机构：School of Economics and ManagementUniversity of Chinese Academy of SciencesBeijing 100190China Research Center on Fictitious Economy and Data ScienceChinese Academy of SciencesBeijing 100190China Key Laboratory of Big Data Mining and Knowledge ManagementChinese Academy of SciencesBeijing 100190China Wenzhou InstituteUniversity of Chinese Academy of SciencesWenzhou 325001China School of Physical SciencesUniversity of Chinese Academy of SciencesBeijing 100049China 

出 版 物：《Chinese Physics B》 (中国物理B（英文版）)

年 卷 期：2021年第30卷第9期

页      面：624-632页

核心收录：

学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 

基　　金：Project supported by the National Natural Science Foundation of China(Grant Nos.71932008 and 91546201) 

主　　题：pyramid scheme agent-based model artificial stock market herd behavior 

摘      要：Artificial stock market simulation based on agent is an important means to study financial *** on the assumption that the investors are composed of a main fund,small trend and contrarian investors characterized by four parameters,we simulate and research a kind of financial phenomenon with the characteristics of pyramid *** simulation results and theoretical analysis reveal the relationships between the rate of return of the main fund and the proportion of the trend investors in all small investors,the small investors parameters of taking profit and stopping loss,the order size of the main fund and the strategies adopted by the main *** work is helpful to explain the financial phenomenon with the characteristics of pyramid schemes in financial markets,design trading rules for regulators and develop trading strategies for investors.