Agent-Based Modeling

The Santa Fe Institute Artificial Stock Market Model Revisited

Paperback Engels 2007 2008e druk 9783540738787
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Samenvatting

This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive. Its main contribution lies in the application of standard results from population genetics which have widely been neglected in the agent-based community.

Specificaties

ISBN13:9783540738787
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:232
Uitgever:Springer Berlin Heidelberg
Druk:2008

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