Complexity and Artificial Markets
1st Edition
Published on 28. August 2008
Book
Paperback/Softback
XX, 234 pages
978-3-540-70553-6 (ISBN)
Description
In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.
More details
Series
Language
English
Place of publication
Berlin
Germany
Publishing group
Springer Berlin
Target group
Professional and scholarly
Research
Illustrations
73 s/w Abbildungen
XX, 234 p. 73 illus.
Dimensions
Height: 23.5 cm
Width: 15.5 cm
Weight
800 gr
ISBN-13
978-3-540-70553-6 (9783540705536)
DOI
10.1007/978-3-540-70556-7
Schweitzer Classification
Other editions
Additional editions
Klaus Schredelseker | Florian Hauser
Complexity and Artificial Markets
E-Book
07/2008
1st Edition
Springer
€96.29
Available for download
Persons
Content
Market Mechanisms.- Zero-Intelligence Trading Without Resampling.- Understanding the Price Dynamics of a Real Market Using Simulations: The Dutch Auction of the Pescara Wholesale Fish Market.- Market Behavior Under Zero-Intelligence Trading and Price Awareness.- Evolution and Decision Making.- Evolutionary Switching between Forecasting Heuristics: An Explanation of an Asset-Pricing Experiment.- Prospect Theory Behavioral Assumptions in an Artificial Financial Economy.- Computing the Evolution of Walrasian Behaviour.- Multidimensional Evolving Opinion for Sustainable Consumption Decision.- Information Economics.- Local Interaction, Incomplete Information and Properties of Asset Prices.- Long-Term Orientation in Trade.- Agent-Based Experimental Economics in Signaling Games.- Methodological Issues.- Why do we need Ontology for Agent-Based Models?.- Production and Finance in EURACE.- Serious Games for Economists.- Invited Speakers.- Computational Evolution.- Artificial Markets: Rationality and Organisation.