Market Model Focused On the Order Book

Abstract

This research constructs the financial market model and analyzes the real market with evolutionary game theory. Especially, this research focuses on the order book in the financial market. This research is based on Kikkawa [7], extends that each player has a risk attitude and analyzes the order book with Micro-Econometrics's methods. We derive Nash equilibrium from this regression method and we present the method to forecast the next step.