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Lecture Notes in Economics and Mathematical Systems

Complexity and Artificial Markets

Editors: Schredelseker, Klaus, Hauser, Florian (Eds.)

  • State-of-the-art contributions from top researchers in the field of agent-based simulations in social sciences

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eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-540-70556-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $149.99
price for USA in USD
  • ISBN 978-3-540-70553-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

Table of contents (15 chapters)

  • Zero-Intelligence Trading Without Resampling

    LiCalzi, Marco (et al.)

    Pages 3-14

  • Understanding the Price Dynamics of a Real Market Using Simulations: The Dutch Auction of the Pescara Wholesale Fish Market

    Giulioni, Gianfranco (et al.)

    Pages 15-25

  • Market Behavior Under Zero-Intelligence Trading and Price Awareness

    Milone, Lucia

    Pages 27-37

  • Evolutionary Switching between Forecasting Heuristics: An Explanation of an Asset-Pricing Experiment

    Anufriev, Mikhail (et al.)

    Pages 41-53

  • Prospect Theory Behavioral Assumptions in an Artificial Financial Economy

    Raberto, Marco (et al.)

    Pages 55-66

Buy this book

eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-540-70556-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $149.99
price for USA in USD
  • ISBN 978-3-540-70553-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Complexity and Artificial Markets
Editors
  • Klaus Schredelseker
  • Florian Hauser
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
614
Copyright
2008
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-70556-7
DOI
10.1007/978-3-540-70556-7
Softcover ISBN
978-3-540-70553-6
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XX, 234
Number of Illustrations
73 b/w illustrations
Topics