@article{amultiagentmarketmodelcanexplainthe,
  title = {A Multi-agent Market Model Can Explain the Impact of AI Traders in Financial Markets -- A New Microfoundations of GARCH model},
  author = {Kei Nakagawa and Masanori Hirano and Kentaro Minami and Takanobu Mizuta},
  year = {2024},
  eprint = {2409.12516},
  archivePrefix = {arXiv},
  url = {https://arxiv.org/abs/2409.12516v1},
}