Lecture Notes in Economics and Mathematical Systems

Complexity and Artificial Markets

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

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

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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)

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