Consiglio Artificial Markets Modeling

Methods and Applications
2007
ISBN: 978-3-540-73135-1
Verlag: Springer Berlin Heidelberg
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band 599, 279 Seiten

Reihe: Lecture Notes in Economics and Mathematical Systems

This volume features contributions to agent-based computational modeling from the social sciences and computer sciences. It presents applications of methodologies and tools, focusing on the uses, requirements, and constraints of agent-based models used by social scientists. Topics include agent-based macroeconomics, the emergence of norms and conventions, the dynamics of social and economic networks, and behavioral models in financial markets.

Autoren/Hrsg.

Consiglio, Andrea

Inhaltsverzeichnis

1;Preface;5
2;Contents;8
3;List of Contributors;11
4;Macroeconomic Issues;14
4.1;1 Beyond the Static Money Multiplier: In Search of a Dynamic Theory of Money;15
4.2;2 Macroeconomic Effects of the Interest Rate Level: Growth and Fluctuations in an Economy with Bank Capital Adequacy Standards;29
4.3;3 Monetary Policy Experiments in an Artificial Multi- Market Economy with Reservation Wages;45
5;Market Mechanisms and Agents Behavior;57
5.1;4 Testing Double Auction as a Component Within a Generic Market Model Architecture;58
5.2;5 A Conceptual Framework for the Evaluation of Agent- Based Trading and Technical Analysis;73
5.3;6 Which Market Protocols Facilitate Fair Trading?;90
6;Market Dynamics and Efficiency;107
6.1;7 An Artificial Economics View of the Walrasian and Marshallian Stability;108
6.2;8 The Performance of Option–Trading Software Agents: Initial Results;119
6.3;9 Studies on the Impact of the Option Market on the Underlying Stock Market;132
6.4;10 On Rational Noise Trading and Market Impact;145
7;Analysis of Economic and Social Networks;158
7.1;11 A Note on Symmetry in Job Contact Networks;159
7.2;12 Innovation and Knowledge Spillovers in a Networked Industry;172
7.3;13 Heterogeneous Agents with Local Social Influence Networks: Path Dependence and Plurality of Equilibria in the ACE Noiseless Case;182
7.4;14 Economy-Driven Shaping of Social Networks and Emerging Class Behaviors;196
7.5;15 Group Effect, Productivity and Segregation Optimality;209
7.6;16 The Grass is Always Greener on the Other Side of the Fence: The Effect of Misperceived Signalling in a Network Formation Process;223
8;Methodological Issues and Applications;235
8.1;17 Market Selection of Competent Venture Capitalists;236
8.2;18 A Binary Particle Swarm Optimization Algorithm for a Double Auction Market;248
8.3;19 Better-Reply Strategies with Bounded Recall;257