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摘要翻译：
提出了一个基于有持有期的对模式策略空间的简单交易模型。对于线性和平方根影响函数的两个模型，均观察到收益方差σ2$,价格影响$H$和可预测性$K$的幂律行为。对于价格影响函数为平方根的模型，交易者的财富总和为正值，并在条件超额需求$<Au>$的基础上给出了定性的解释。进一步提出了一个进化交易模型，淘汰机制有效地改变了模型中表现优异的交易者的行为，而不是进化。本文还仔细研究了与其他类型贸易商的贸易模式，如与MG的策略和生产者的贸易商。
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英文标题：
《Trading Model with Pair Pattern Strategies》
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作者：
F. Ren and Y.-C. Zhang
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最新提交年份：
2008
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分类信息：
一级分类：Quantitative Finance 数量金融学
二级分类：Portfolio Management 项目组合管理
分类描述：Security selection and optimization, capital allocation, investment strategies and performance measurement
证券选择与优化、资本配置、投资策略与绩效评价
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一级分类：Physics 物理学
二级分类：Physics and Society 物理学与社会
分类描述：Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体（人类或其他）的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统（如能源网、运输网络）的物理和工程。
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英文摘要：
A simple trading model based on pair pattern strategy space with holding periods is proposed. Power-law behaviors are observed for the return variance $\sigma^2$, the price impact $H$ and the predictability $K$ for both models with linear and square root impact functions. The sum of the traders' wealth displays a positive value for the model with square root price impact function, and a qualitative explanation is given based on the observation of the conditional excess demand $<A|u>$. An evolutionary trading model is further proposed, and the elimination mechanism effectively changes the behavior of the traders highly performed in the model without evolution. The trading model with other types of traders, e.g., traders with the MG's strategies and producers, are also carefully studied.
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PDF链接：
https://arxiv.org/pdf/0801.3560
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