This service is in BETA
Visit old events site
Event image
An evening of econophysics: Emergence of cooperative long-term market loyalty in double auction markets

Clock icon
19:00 – 21:00 16 May 2016
Location icon
Franklin Room, Institute of Physics, 80 Portland Place, London W1B 1NT

Speakers: Professor Peter Sollich

Loyal buyer-seller relationships often arise when a seller tailors a product to
a specific market niche to accomplish the best possible returns, and when
buyers respond to the dedicated efforts of the seller to meet their needs.
We ask whether it is possible, instead, for loyalty to arise spontaneously,
and in particular as a consequence of repeated interaction and coadaptation
among the agents in a market. We devise a stylized model of
double auction markets and adaptive traders in which traders choose
where and how to trade (to buy or to sell) based on their previous
experience and characterize the emergent market behaviours.

Event type: Lecture/Talk
Organised by: IOP Nonlinear and Complex Physics Group
Contact details: If you would like to attend then please contact Emma Suckling before 14 May at: e.suckling@reading.ac.uk

* There will be a drinks reception after the talk, ending around 9.00pm.

Membership of the IOP is not required and there is no registration fee.

Invite friends
Link copied!
Location icon
Franklin Room, Institute of Physics, 80 Portland Place, London W1B 1NT
Clock icon
19:00 – 21:00 16 May 2016

Invite friends
Link copied!
No registration required unless stated otherwise