Agent-Based Modeling The Santa Fe Institute Artificial Stock Market Model Revisited /

• Main Author: Ehrentreich, Norman (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2008.
• Series: Lecture Notes in Economics and Mathematical Systems, 602
• Subjects: Operations research.; Decision making.; Artificial intelligence.; Economic history.; Economic theory.; Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Artificial Intelligence (incl. Robotics).; Operation Research/Decision Theory.; Methodology/History of Economic Thought.

Table of Contents:

• Agent-Based Modeling in Economics
• The Rationale for Agent-Based Modeling
• The Concept of Minimal Rationality
• Learning in Economics
• Replicating the Stylized Facts of Financial Markets
• The Santa Fe Institute Artificial Stock Market Model Revisited
• The Original Santa Fe Institute Artificial Stock Market
• A Suggested Modification to the SFI-ASM
• An Analysis of Wealth Levels
• Selection, Genetic Drift, and Technical Trading
• Summary and Future Research.