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Table 3 Estimated divergence rates of the price trajectories when \(|\phi_{-}|<\phi_{+}\) and the half-lives \(t_{1/2}\) when \(|\phi_{-}|>\phi_{+}\)

From: An empirical behavioral order-driven model with price limit rules

  0.05 0.10 0.15 0.20 0.25 0.30
− 0.05   0.520 1.050 1.630 2.041 2.508
− 0.10 10.80   0.543 1.063 1.619 1.977
− 0.15 4.467 6.885   0.593 1.117 1.648
− 0.20 2.828 4.477 1.688   0.562 1.000
− 0.25 2.588 4.971 5.662 9.713   0.854
− 0.30 1.866 1.965 2.871 3.366 7.983  
  1. The first row shows the \(\phi_{+}\) values, whereas the first column shows the \(\phi_{-}\) values. The upper triangle presents the convergence rates \(\lambda\) (multiplied by \(10^5\)), while the lower triangle presents the half-lives \(t_{1/2}\) (multiplied by \(10^{-4}\))