Futures market's price operation behavior with supervises based on evolved gambling theory angle of view

摘要

Futures market is a major component of the capital market, in the modern financial system, it occupies a very important role. How to prevent price manipulation, regulate market transactions, ensure the price information to be real and effective, safeguard the legitimate rights and interests of market dealers, is a important issue which must be resolved of creating a safe, healthy and sustainable development of the market. Based on the perspective of evolutionary game theory and the stability theory of differential equations, joint manipulation demonstrated evolution of the futures market direction and path, with “limited rationality” assumption of the individual to simulate, proposed related regulations to the regulation of price manipulation of the futures market.