Exploring Minimal Models of the Complexity of Security Prices

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You are tuning your trader, who will be the representative investor on a single financial security. He decides what to do by looking at the history of price changes for the past few days, following some specific rule. You pick the number of states your trader has, his possible trading decisions, and his exact rule. Hover the mouse over any of the control labels for more information.

Contributed by: Philip Maymin (March 2011)
Open content licensed under CC BY-NC-SA



Try to find interesting rules by playing with the parameters. Is it easier to find complex rules by looking at the time series plot, the histogram, or the rule diagram?

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