论文标题
不完美的口腔：战略信息对股票市场的影响
Imperfect Oracles: The Effect of Strategic Information on Stock Markets
论文作者
论文摘要
现代金融市场动态由于对世界的重大影响而保证了详细的分析。但是，这通常被证明是棘手的。互相反应的代理，策略及其随着时间的反应而变化会导致理论和模拟方法的困难。就某些策略的代理商比率而言，在股票市场的战略主导地位上已经完成了著名的工作。然后，对所采用策略的完美知识可以使个人代理人处于一致的交易优势。这项研究报告了不完美的甲壳对系统的影响 - 分配有关策略的嘈杂信息 - 通常会隐藏在市场参与者中。通过以前未开发的因素（例如更改订单计划）进行了详尽的测试，对单一交易者的效果和可实现的利润进行了详尽的测试。此外，噪声对战略信息的影响是通过其对交易者效率的影响而追踪的。
Modern financial market dynamics warrant detailed analysis due to their significant impact on the world. This, however, often proves intractable; massive numbers of agents, strategies and their change over time in reaction to each other leads to difficulties in both theoretical and simulational approaches. Notable work has been done on strategy dominance in stock markets with respect to the ratios of agents with certain strategies. Perfect knowledge of the strategies employed could then put an individual agent at a consistent trading advantage. This research reports the effects of imperfect oracles on the system - dispensing noisy information about strategies - information which would normally be hidden from market participants. The effect and achievable profits of a singular trader with access to an oracle were tested exhaustively with previously unexplored factors such as changing order schedules. Additionally, the effect of noise on strategic information was traced through its effect on trader efficiency.
