{
  "annotation_id": "96b27c12-cc37-4ff3-9a13-b6cb917c392b",
  "date_created": "2026-03-02T18:01:11.455000Z",
  "date_modified": "2026-03-02T18:01:11.455000Z",
  "file_hash": "de180841f3c6a75edceed7c63ed5d021ecaf44e1cd923195c01e797ccea3725a",
  "private": false,
  "record": {
    "abstract": "In this paper, the survival function of waiting times between orders and the\ncorresponding trades in a double-auction market is studied both by means of\nexperiments and of empirical data. It turns out that, already at the level of\norder durations, the survival function cannot be represented by a single\nexponential, thus ruling out the hypothesis of constant activity during\ntrading. This fact has direct consequences for market microstructural models.\nThey must include such a non-exponential behaviour to be realistic.",
    "arxiv_id": "physics/0608273",
    "authors": [
      "Enrico Scalas",
      "Taisei Kaizoji",
      "Michael Kirchler",
      "Juergen Huber",
      "Alessandra Tedeschi"
    ],
    "categories": [
      "physics.soc-ph",
      "physics.data-an",
      "q-fin.TR"
    ],
    "doi": "10.1016/j.physa.2005.09.047",
    "journal_ref": "Physica A, Volume 366, 1 July 2006, Pages 463-471",
    "title": "Waiting times between orders and trades in double-auction markets",
    "url": "https://arxiv.org/abs/physics/0608273"
  },
  "schema_id": "dorsal/arxiv",
  "source": {
    "execution_id": "caa1f3ec-b55d-4ffd-939c-1907fb2ac161",
    "id": "arXiv Dataset IDs",
    "type": "Model",
    "variant": "snapshot-2026-03-01",
    "version": "0.1.0"
  },
  "user_id": 1000002
}