The effects of intelligence on price discovery and market efficiency

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@Article{Yeh2008613,
  author =       "Chia-Hsuan Yeh",
  title =        "The effects of intelligence on price discovery and
                 market efficiency",
  journal =      "Journal of Economic Behavior \& Organization",
  volume =       "68",
  number =       "3-4",
  pages =        "613--625",
  year =         "2008",
  keywords =     "genetic algorithms, genetic programming, Intelligence,
                 Speculation, Artificial stock market, Agent-based
                 modeling",
  ISSN =         "0167-2681",
  URL =          "http://www.sciencedirect.com/science/article/B6V8F-4SYTC56-1/2/ddc312455211b726d20cdcb236cfc8c2",
  DOI =          "doi:10.1016/j.jebo.2008.07.002",
  abstract =     "The influence of speculation on market performance has
                 long been discussed. Under the framework of bounded
                 rationality in which traders are endowed with different
                 intelligence levels in terms of different learning
                 styles or different representations of intelligence, we
                 examine the effects of traders' intelligence on price
                 discovery based on {"}intraday{"} data, and market
                 efficiency. We find that intelligence does help improve
                 market performance. However, the influence of different
                 intelligence levels on the market crucially depends on
                 the characteristics of learning styles or the
                 representation of intelligence.",
}

Genetic Programming entries for Chia Hsuan Yeh

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