By a News Reporter-Staff News Editor at Physics Week -- Current study results on Statistical Mechanics have been published. According to news reporting from Jiangsu, People’s Republic of China, by VerticalNews journalists, research stated, “An agent-based artificial stock market is developed to simulate trading behavior of investors. In the market, acquisition and employment of information about fundamentals and strategy switch are investigated to explain stock price dynamics.”
Funders for this research include National Natural Science Foundation of China, Humanities and Social Science Planning Foundation of the Ministry of Education of China, Social Science Fund Project of Jiangsu Province, Scientific Research Foundation of Graduate School of Southeast University, Fundamental Research Funds for the Central Universities, Funding of Jiangsu Innovation Program for Graduate Education.
The news correspondents obtained a quote from the research from Southeast University, “Investors could obtain the information from both market and neighbors resided on their social networks. Depending on information status and performances of different strategies, an informed investor may switch to the strategy of fundamentalist. This in turn affects the information acquisition process, since fundamentalists are more inclined to search and spread the information than chartists. Further investigation into price dynamics generated from three typical networks, i.e. regular lattice, small-world network and random graph, are conducted after general relation between network structures and price dynamics is revealed. In each network, integrated effects of different combinations of information efficiency and switch intensity are investigated.”
According to the news reporters, the research concluded: “Results have shown that, along with increasing switch intensity, market and social information efficiency play different roles in the formation of price distortion, standard deviation and kurtosis of returns.”
For more information on this research see: Effects of fundamentals acquisition and strategy switch on stock price dynamics. Physica A-Statistical Mechanics and Its Applications , 2018;491():799-809. Physica A-Statistical Mechanics and Its Applications can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands.
Our news journalists report that additional information may be obtained by contacting J.M. He, Southeast Univ, Sch Econ & Management, Nanjing 211189, Jiangsu, People’s Republic of China. Additional authors for this research include S.T. Wu and S.W. Li.
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.physa.2017.09.072. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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CITATION: (2018-01-23), New Statistical Mechanics Data Have Been Reported by Investigators at Southeast University (Effects of fundamentals acquisition and strategy switch on stock price dynamics), Physics Week, 411, ISSN: 1944-2661, BUTTER® ID: 015048945
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