交易:市场表现的替代指标
Hua Zhong1, Xiaohao Liang1, Yougui Wang1
1School of Systems Science, Beijing Normal University, Beijing 100875, China.
Entropy (Basel, Switzerland)
|August 26, 2023
概括
本研究引入交易来衡量市场不确定性. 在平衡状态下,交易是最低的,缺口下降,余增加,为市场表现提供了新的见解.
科学领域:
- * 经济学 * 经济学
- * 信息理论 * 信息理论
- * * 市场动力学
背景情况:
- *市场不确定性对市场表现产生重大影响.
- * 之前的研究集中在信息不对称性和风险上,忽视了特定交易的不确定性.
- *交易不确定性是市场表现的关键,但尚未研究的方面.
研究的目的:
- * 引入和定义交易作为一种新的市场不确定性衡量标准.
- * 分析交易如何与市场价格动态变化.
- * 为了比较集中式与分散式市场结构中的市场不确定性.
主要方法:
- * 交易概念的发展:定义为总交易商信息与交易量之比.
- *基于计算和模拟的分析,以观察交易变化.
- * 集中式和分散式市场结构的比较分析.
主要成果:
- * 在市场平衡状态下,交易是最小的.
- *交易在短缺市场下降,在余市场上增加.
- *中央集权市场使用价格过机制,与去中心化市场相比,市场不确定性降低.
结论:
- * 交易为量化市场不确定性提供了一个新的指标.
- * 了解交易可以提高对市场表现的全面评估.
- *集中市场的价格过机制有效地减轻了市场的不确定性.
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