no code implementations • 7 Dec 2020 • Robin Nicole, Aleksandra Alorić, Peter Sollich
These changes have re-emphasized the importance of understanding the effects of market competition: does proliferation of trading venues and increased competition lead to dominance of a single market or coexistence of multiple markets?
no code implementations • 29 Jun 2017 • Robin Nicole, Peter Sollich
We therefore compare with the results of Experience-Weighted Attraction (EWA) learning, which at long times leads to Nash equilibria in the appropriate limits of large intensity of choice, low noise (long agent memory) and perfect imputation of missing scores (fictitious play).