{"id":"https://openalex.org/W2941078337","doi":"https://doi.org/10.1145/3321707.3321734","title":"Selection mechanisms affect volatility in evolving markets","display_name":"Selection mechanisms affect volatility in evolving markets","publication_year":2019,"publication_date":"2019-07-03","ids":{"openalex":"https://openalex.org/W2941078337","doi":"https://doi.org/10.1145/3321707.3321734","mag":"2941078337"},"language":"en","primary_location":{"id":"doi:10.1145/3321707.3321734","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3321707.3321734","pdf_url":null,"source":{"id":"https://openalex.org/S4363608932","display_name":"Proceedings of the Genetic and Evolutionary Computation Conference","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the Genetic and Evolutionary Computation Conference","raw_type":"proceedings-article"},"type":"conference-paper","indexed_in":["arxiv","crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/pdf/1812.05657","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047121345","display_name":"David Rushing Dewhurst","orcid":"https://orcid.org/0000-0001-6130-1833"},"institutions":[{"id":"https://openalex.org/I111236770","display_name":"University of Vermont","ror":"https://ror.org/0155zta11","country_code":"US","type":"education","lineage":["https://openalex.org/I111236770"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"David Rushing Dewhurst","raw_affiliation_strings":["University of Vermont"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Vermont","institution_ids":["https://openalex.org/I111236770"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5108061846","display_name":"Michael Arnold","orcid":"https://orcid.org/0000-0002-1218-0315"},"institutions":[{"id":"https://openalex.org/I111236770","display_name":"University of Vermont","ror":"https://ror.org/0155zta11","country_code":"US","type":"education","lineage":["https://openalex.org/I111236770"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Michael Vincent Arnold","raw_affiliation_strings":["University of Vermont"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Vermont","institution_ids":["https://openalex.org/I111236770"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5041821308","display_name":"Colin Michael Van Oort","orcid":null},"institutions":[{"id":"https://openalex.org/I111236770","display_name":"University of Vermont","ror":"https://ror.org/0155zta11","country_code":"US","type":"education","lineage":["https://openalex.org/I111236770"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Colin Michael Van Oort","raw_affiliation_strings":["University of Vermont"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Vermont","institution_ids":["https://openalex.org/I111236770"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I111236770"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.03577529,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"90","last_page":"98"},"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":0.9995999932289124,"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":0.9995999932289124,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9768000245094299,"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"}},{"id":"https://openalex.org/T11252","display_name":"Evolutionary Game Theory and Cooperation","score":0.9761000275611877,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5423056483268738},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.5133506655693054},{"id":"https://openalex.org/keywords/macro","display_name":"Macro","score":0.48812374472618103},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.47729504108428955},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.46381184458732605},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.4569339156150818},{"id":"https://openalex.org/keywords/financial-market","display_name":"Financial market","score":0.41809168457984924},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3405363857746124},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.12581008672714233}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5423056483268738},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5133506655693054},{"id":"https://openalex.org/C166955791","wikidata":"https://www.wikidata.org/wiki/Q629579","display_name":"Macro","level":2,"score":0.48812374472618103},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.47729504108428955},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.46381184458732605},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4569339156150818},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.41809168457984924},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3405363857746124},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12581008672714233},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1145/3321707.3321734","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3321707.3321734","pdf_url":null,"source":{"id":"https://openalex.org/S4363608932","display_name":"Proceedings of the Genetic and Evolutionary Computation Conference","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the Genetic and Evolutionary Computation Conference","raw_type":"proceedings-article"},{"id":"pmh:oai:arXiv.org:1812.05657","is_oa":true,"landing_page_url":"http://arxiv.org/abs/1812.05657","pdf_url":"https://arxiv.org/pdf/1812.05657","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"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":"text"}],"best_oa_location":{"id":"pmh:oai:arXiv.org:1812.05657","is_oa":true,"landing_page_url":"http://arxiv.org/abs/1812.05657","pdf_url":"https://arxiv.org/pdf/1812.05657","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"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":"text"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W67284852","https://openalex.org/W185719968","https://openalex.org/W1487988547","https://openalex.org/W1550894544","https://openalex.org/W1595159159","https://openalex.org/W1606087322","https://openalex.org/W1659099958","https://openalex.org/W1999996900","https://openalex.org/W2005711429","https://openalex.org/W2006488601","https://openalex.org/W2018567859","https://openalex.org/W2026659486","https://openalex.org/W2036198854","https://openalex.org/W2037014352","https://openalex.org/W2060331219","https://openalex.org/W2071806120","https://openalex.org/W2077426561","https://openalex.org/W2105349887","https://openalex.org/W2117178771","https://openalex.org/W2125520394","https://openalex.org/W2125678386","https://openalex.org/W2125948438","https://openalex.org/W2128726101","https://openalex.org/W2130360577","https://openalex.org/W2131773668","https://openalex.org/W2320435886","https://openalex.org/W2734822207","https://openalex.org/W2991264723","https://openalex.org/W3121242749","https://openalex.org/W3122305330","https://openalex.org/W3124882399","https://openalex.org/W3125278938","https://openalex.org/W3125799159"],"related_works":["https://openalex.org/W2030816003","https://openalex.org/W4239992647","https://openalex.org/W2150013480","https://openalex.org/W1554458299","https://openalex.org/W81423522","https://openalex.org/W1509860481","https://openalex.org/W2488264085","https://openalex.org/W2076325756","https://openalex.org/W4386206750","https://openalex.org/W4238700786"],"abstract_inverted_index":{"Financial":[0],"asset":[1],"markets":[2],"are":[3,9,69,134],"sociotechnical":[4],"systems":[5],"whose":[6],"constituent":[7],"agents":[8,16,23,34,128],"subject":[10],"to":[11,25,113,129],"evolutionary":[12,50],"pressure":[13],"as":[14,42],"unprofitable":[15],"exit":[17],"the":[18,46,111],"marketplace":[19],"and":[20,35,79,94],"more":[21],"profitable":[22],"continue":[24],"trade":[26],"assets.":[27],"Using":[28],"a":[29,36,65,75,80,85,114],"population":[30],"of":[31,101,117],"evolving":[32],"zero-intelligence":[33],"frequent":[37],"batch":[38],"auction":[39],"price-discovery":[40],"mechanism":[41,89],"substrate,":[43],"we":[44,59],"analyze":[45],"role":[47],"played":[48],"by":[49],"selection":[51,62,88,106],"mechanisms":[52,63],"in":[53,122,131],"determining":[54],"macro-observable":[55],"market":[56,118],"statistics.":[57],"Specifically,":[58],"show":[60],"that":[61,133],"incorporating":[64],"local":[66],"fitness-proportionate":[67],"component":[68],"associated":[70,96,135],"with":[71,97,136],"high":[72],"correlation":[73,93],"between":[74],"micro,":[76],"risk-aversion":[77],"parameter":[78],"commonly-used":[81],"macro-volatility":[82],"statistic,":[83],"while":[84],"purely":[86],"quantile-based":[87],"shows":[90],"significantly":[91],"less":[92],"is":[95],"higher":[98],"absolute":[99],"levels":[100],"fitness":[102],"(profit)":[103],"than":[104],"other":[105],"mechanisms.":[107],"These":[108],"results":[109],"point":[110],"way":[112],"possible":[115],"restructuring":[116],"incentives":[119],"toward":[120],"reduction":[121],"market-wide":[123],"worst":[124],"performance,":[125],"leading":[126],"profit-driven":[127],"behave":[130],"ways":[132],"beneficial":[137],"macro-level":[138],"outcomes.":[139]},"counts_by_year":[],"updated_date":"2026-08-26T07:47:46.906454","created_date":"2025-10-10T00:00:00"}