The Behavior and Impact of Heterogeneous Investors in China’s Stock Index Futures Market: An Agent-Based Model on Cross-Market Trades

Table 16

Impact of hedgers on price efficiency in the spot market.

MAE (cents)				MRE (%)
Numbers	Stock	Stock	Stock	Stock	Stock	Stock
0	53	64	93	2.63	3.23	4.42
1,000 (0.748)	22	33	63	1.11	1.68	3.00
2,000 (0.644)	9	19	41	0.45	0.93	1.94
3,000 (0.547)	8	16	38	0.45	0.86	1.82