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Majority orienting model for the oscillation of market price

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Abstract

The present paper introduces a majority orienting model in which the dealers’ behavior changes based on the influence of the price to show the oscillation of stock price in the stock market. We show the oscillation of the price for the model by applying the van der Pol equation which is a deterministic approximation of our model.

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Authors and Affiliations

  1. The Institute of Statistical Mathematics, 4-6-7 Minami-Azabu, Minato-ku, 106-8569, Tokyo, Japan

    H. Takahashi & Y. Itoh

Authors
  1. H. Takahashi
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  2. Y. Itoh
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Corresponding author

Correspondence to H. Takahashi.

Additional information

Received: 29 October 2003, Published online: 15 March 2004

PACS:

89.65.Gh Economics; econophysics, financial markets, business and management - 05.45.Tp Time series analysis - 02.50.Ey Stochastic processes

Y. Itoh: Also at The Graduate University for Advanced Studies

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Takahashi, H., Itoh, Y. Majority orienting model for the oscillation of market price. Eur. Phys. J. B 37, 271–274 (2004). https://doi.org/10.1140/epjb/e2004-00054-8

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  • DOI: https://doi.org/10.1140/epjb/e2004-00054-8

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