Parameters for the simulation of the two interacting financial markets under loss-aversion behavioral bias
| Parameter | Value | Description of parameter |
|---|---|---|
| a | 1 | Price settlement parameter |
| b | 0.05 | Extrapolating parameter |
| c | 0.05 | Reverting parameter |
| m | 0.975 | Memory parameter |
| r | 300 | Intensity of choice parameter |
| λ | 2.5 | Loss aversion parameter |
| taxX | 0 | Tax rate of Market X |
| taxZ | 0 | Tax rate of Market Z |
| 0.01 | Standard deviation of the random factors affecting the price settlement process in Market X | |
| 0.01 | Standard deviation of the random factors affecting the price settlement process in Market Z | |
| 0.05 | Standard deviation of the additional random orders of technical trading orders submitted to Market X | |
| 0.05 | Standard deviation of the additional random orders of technical trading orders submitted to Market Z | |
| 0.01 | Standard deviation of the additional random orders of fundamental trading orders submitted to Market X | |
| 0.01 | Standard deviation of the additional random orders of fundamental trading orders submitted to Market Z |
| Parameter | Value | Description of parameter |
|---|---|---|
| 1 | Price settlement parameter | |
| 0.05 | Extrapolating parameter | |
| 0.05 | Reverting parameter | |
| 0.975 | Memory parameter | |
| 300 | Intensity of choice parameter | |
| 2.5 | Loss aversion parameter | |
| 0 | Tax rate of Market | |
| 0 | Tax rate of Market | |
| 0.01 | Standard deviation of the random factors affecting the price settlement process in Market | |
| 0.01 | Standard deviation of the random factors affecting the price settlement process in Market | |
| 0.05 | Standard deviation of the additional random orders of technical trading orders submitted to Market | |
| 0.05 | Standard deviation of the additional random orders of technical trading orders submitted to Market | |
| 0.01 | Standard deviation of the additional random orders of fundamental trading orders submitted to Market | |
| 0.01 | Standard deviation of the additional random orders of fundamental trading orders submitted to Market |
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