{"id":"https://openalex.org/W4406448504","doi":"https://doi.org/10.1007/s42001-024-00355-7","title":"Impact of information disparity between individual investors on profits of meme stocks using an artificial market simulation approach","display_name":"Impact of information disparity between individual investors on profits of meme stocks using an artificial market simulation approach","publication_year":2025,"publication_date":"2025-01-17","ids":{"openalex":"https://openalex.org/W4406448504","doi":"https://doi.org/10.1007/s42001-024-00355-7"},"language":"en","primary_location":{"id":"doi:10.1007/s42001-024-00355-7","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s42001-024-00355-7","pdf_url":"https://link.springer.com/content/pdf/10.1007/s42001-024-00355-7.pdf","source":{"id":"https://openalex.org/S4210196583","display_name":"Journal of Computational Social Science","issn_l":"2432-2717","issn":["2432-2717","2432-2725"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Computational Social Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s42001-024-00355-7.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036359859","display_name":"Masukazu Matsumoto","orcid":"https://orcid.org/0009-0003-0563-9700"},"institutions":[{"id":"https://openalex.org/I153327471","display_name":"Bunkyo University","ror":"https://ror.org/053h75930","country_code":"JP","type":"education","lineage":["https://openalex.org/I153327471"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":true,"raw_author_name":"Miyuki Matsumoto","raw_affiliation_strings":["School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan"],"raw_orcid":"https://orcid.org/0009-0003-0563-9700","affiliations":[{"raw_affiliation_string":"School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan","institution_ids":["https://openalex.org/I153327471","https://openalex.org/I74801974"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5110117696","display_name":"Ryuji Hashimoto","orcid":"https://orcid.org/0009-0008-0042-1477"},"institutions":[{"id":"https://openalex.org/I153327471","display_name":"Bunkyo University","ror":"https://ror.org/053h75930","country_code":"JP","type":"education","lineage":["https://openalex.org/I153327471"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Ryuji Hashimoto","raw_affiliation_strings":["School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan","institution_ids":["https://openalex.org/I153327471","https://openalex.org/I74801974"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038802330","display_name":"Masahiro Suzuki","orcid":"https://orcid.org/0000-0001-8519-5617"},"institutions":[{"id":"https://openalex.org/I153327471","display_name":"Bunkyo University","ror":"https://ror.org/053h75930","country_code":"JP","type":"education","lineage":["https://openalex.org/I153327471"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Masahiro Suzuki","raw_affiliation_strings":["School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan","institution_ids":["https://openalex.org/I153327471","https://openalex.org/I74801974"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5045788831","display_name":"Yuri Murayama","orcid":"https://orcid.org/0000-0001-9067-3951"},"institutions":[{"id":"https://openalex.org/I153327471","display_name":"Bunkyo University","ror":"https://ror.org/053h75930","country_code":"JP","type":"education","lineage":["https://openalex.org/I153327471"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Yuri Murayama","raw_affiliation_strings":["School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan","institution_ids":["https://openalex.org/I153327471","https://openalex.org/I74801974"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044205949","display_name":"Kiyoshi Izumi","orcid":"https://orcid.org/0000-0003-0870-7310"},"institutions":[{"id":"https://openalex.org/I153327471","display_name":"Bunkyo University","ror":"https://ror.org/053h75930","country_code":"JP","type":"education","lineage":["https://openalex.org/I153327471"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Kiyoshi Izumi","raw_affiliation_strings":["School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Engineering, The University of Tokyo, Bunkyo, Tokyo, Japan","institution_ids":["https://openalex.org/I153327471","https://openalex.org/I74801974"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5036359859"],"corresponding_institution_ids":["https://openalex.org/I153327471","https://openalex.org/I74801974"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":{"value":2290,"currency":"EUR","value_usd":2890},"fwci":2.3598,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.8788306,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"8","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9983000159263611,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9983000159263611,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9944000244140625,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.4391445517539978},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4280538558959961},{"id":"https://openalex.org/keywords/efficient-market-hypothesis","display_name":"Efficient-market hypothesis","score":0.4169403910636902},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3997102677822113},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.3756366968154907},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.35949283838272095},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.3517482578754425},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.29558050632476807},{"id":"https://openalex.org/keywords/biology","display_name":"Biology","score":0.08351519703865051},{"id":"https://openalex.org/keywords/paleontology","display_name":"Paleontology","score":0.059303492307662964}],"concepts":[{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4391445517539978},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4280538558959961},{"id":"https://openalex.org/C29368100","wikidata":"https://www.wikidata.org/wiki/Q724931","display_name":"Efficient-market hypothesis","level":4,"score":0.4169403910636902},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3997102677822113},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.3756366968154907},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.35949283838272095},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.3517482578754425},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.29558050632476807},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.08351519703865051},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.059303492307662964},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1007/s42001-024-00355-7","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s42001-024-00355-7","pdf_url":"https://link.springer.com/content/pdf/10.1007/s42001-024-00355-7.pdf","source":{"id":"https://openalex.org/S4210196583","display_name":"Journal of Computational Social Science","issn_l":"2432-2717","issn":["2432-2717","2432-2725"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Computational Social Science","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:jcsosc:v:8:y:2025:i:1:d:10.1007_s42001-024-00355-7","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s42001-024-00355-7","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1007/s42001-024-00355-7","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s42001-024-00355-7","pdf_url":"https://link.springer.com/content/pdf/10.1007/s42001-024-00355-7.pdf","source":{"id":"https://openalex.org/S4210196583","display_name":"Journal of Computational Social Science","issn_l":"2432-2717","issn":["2432-2717","2432-2725"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Computational Social Science","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320322832","display_name":"University of Tokyo","ror":"https://ror.org/057zh3y96"}],"has_content":{"pdf":true,"grobid_xml":false},"content_urls":{"pdf":"https://content.openalex.org/works/W4406448504.pdf"},"referenced_works_count":23,"referenced_works":["https://openalex.org/W2008620264","https://openalex.org/W2043325342","https://openalex.org/W2079890058","https://openalex.org/W2089542351","https://openalex.org/W2112090702","https://openalex.org/W2118091135","https://openalex.org/W2121681609","https://openalex.org/W2148301044","https://openalex.org/W2548435991","https://openalex.org/W2619020317","https://openalex.org/W2788855309","https://openalex.org/W2963314697","https://openalex.org/W3133903477","https://openalex.org/W3182283965","https://openalex.org/W3187811656","https://openalex.org/W4200398877","https://openalex.org/W4290851503","https://openalex.org/W4309880828","https://openalex.org/W4312512934","https://openalex.org/W4318320749","https://openalex.org/W4367188975","https://openalex.org/W4387187715","https://openalex.org/W4387601546"],"related_works":["https://openalex.org/W1485715292","https://openalex.org/W112679373","https://openalex.org/W2489700094","https://openalex.org/W4394793463","https://openalex.org/W2903821188","https://openalex.org/W2013144489","https://openalex.org/W2376552040","https://openalex.org/W2494645481","https://openalex.org/W141169181","https://openalex.org/W2038658126"],"abstract_inverted_index":{"Abstract":[0],"The":[1,140],"growth":[2],"of":[3,36,121,145],"social":[4,29,75,113,122],"media":[5,15,30,114,123],"recently":[6],"has":[7],"made":[8],"individual":[9,102],"investors":[10,70,109,115,124],"more":[11],"reliant":[12],"on":[13,57,69],"online":[14],"for":[16,155],"information.":[17],"This":[18],"trend":[19],"significantly":[20],"affects":[21],"investor":[22],"behavior":[23],"and":[24,45,132,151],"information":[25,59,80,99,138,146],"disparity.":[26,60],"For":[27],"instance,":[28],"can":[31],"lead":[32],"to":[33,79,97],"the":[34,58,84,119,137,143],"phenomenon":[35],"\u201cmeme":[37],"stocks,\"":[38],"in":[39,50,92,148],"which":[40],"stock":[41],"prices":[42],"rapidly":[43],"rise":[44],"fall.":[46],"Despite":[47],"increasing":[48],"interest":[49],"meme":[51,66],"stocks,":[52],"few":[53],"studies":[54],"have":[55],"focused":[56],"In":[61],"this":[62],"study,":[63],"we":[64],"model":[65,87,91],"stocks":[67],"focusing":[68],"who":[71],"are":[72,125],"influenced":[73],"by":[74,128],"network":[76,90,130,134],"information,":[77],"leading":[78],"spread.":[81],"We":[82],"combine":[83],"Susceptible-Infectious-Recovered":[85],"(SIR)":[86],"with":[88],"a":[89],"an":[93],"artificial":[94],"market":[95],"simulation":[96],"examine":[98],"disparity":[100],"among":[101],"investors.":[103],"Our":[104],"findings":[105],"show":[106],"that":[107],"conventional":[108],"generally":[110],"profit,":[111],"whereas":[112],"incur":[116],"losses.":[117],"Additionally,":[118],"profits":[120],"heavily":[126],"affected":[127],"their":[129,133],"structure":[131],"distance":[135],"from":[136],"source.":[139],"results":[141],"highlight":[142],"issue":[144],"inequality":[147],"financial":[149],"markets":[150],"offer":[152],"important":[153],"guidance":[154],"policymakers.":[156]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-06-13T06:13:01.061226","created_date":"2025-10-10T00:00:00"}