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arXiv 1202.1374q-fin.GNq-fin.TR
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掠夺性交易和风险最小化:如何(b)吃掉竞争对手

Predatory trading and risk minimisation: how to (b)eat the competition

Anita Mehta

摘要:

我们提出了一个掠夺性交易者在中央储备(通过税收等方式消耗财富)和通货膨胀的情况下相互作用的模型。该模型在网络上进行检查,目的是将相互作用的复杂性与系统性风险相关联。我们建议使用选择性网络来提高任意选择的交易者的生存率。我们的结论表明,与“注定失败”的交易者建立网络是最无风险的情况,如果交易者要与同行建立网络,那么与那些内在财富比自己少的人建立网络要好得多,以确保个人,甚至是系统的稳定性。

英文摘要:

We present a model of predatory traders interacting with each other in the presence of a central reserve (which dissipates their wealth through say, taxation), as well as inflation. This model is examined on a network for the purposes of correlating complexity of interactions with systemic risk. We suggest the use of selective networking to enhance the survival rates of arbitrarily chosen traders. Our conclusions show that networking with 'doomed' traders is the most risk-free scenario, and that if a trader is to network with peers, it is far better to do so with those who have less intrinsic wealth than himself to ensure individual, and perhaps systemic stability.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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