Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Zero Intelligence Models of the Continuous Double Auction: Econometrics,
  Empirical Evidence and Generalization   In the paper, a statistical procedure for estimating the parameters of zero
intelligence models by means of tick-by-tick quote (L1) data is proposed. A
large class of existing zero intelligence models is reviewed. It is shown that
all those models fail to describe the actual behavior of limit order books
close to the ask price. A generalized model, accommodating the discrepancies
found, is proposed and shown to give significant results for L1 data from three
US electronic markets. It is also demonstrated that the generalized model
preforms significantly better than the reviewed models.

9
The categories of this paper are: nlin
20
The categories of this paper are: acc-phys
22
The categories of this paper are: chao-dyn
33
The categories of this paper are: plasm-ph
13
The categories of this paper are: quant-ph
11
The categories of this paper are: hep-lat
4
The categories of this paper are: cond-mat
2
The categories of this paper are: math
32
The categories of this paper are: atom-ph
24
The categories of this paper are: dg-ga
3
The categories of this paper are: physics
28
The categories of this paper are: alg-geom
35
The categories of this paper are: mtrl-th
10
The categories of this paper are: q-bio
31
The categories of this paper are: ao-sci
36
The categories of this paper are: cmp-lg