Artificial Market Experiments with the U-Mart System

2008 ed
ISBN: 978-4-431-76822-7
Verlag: Springer Verlag, Japan

Medienkombination, Englisch, Band 4, 161 Seiten, Book with CD-ROM, Format (B × H): 243 mm x 163 mm, Gewicht: 452 g

Reihe: Springer Series on Agent Based Social Systems

Economics went through great development in the 20th century. This development, which was based mainly on mathematical methods, is not an appropriate method of analyzing markets that change every hour and every day. In a stock market, prices constantly change depending on speculation. U-Mart, a manmade market, has been proposed in order to study such instantly moving markets. Although the U-Mart system is internationally acclaimed for being at the forefront of market research, its use is by no means limited to a small number of researchers on the fringe. The whole system, including its source code, is open and is distributed without charge, testifying to a philosophy of creating and providing a common test bed for research into financial markets.

Zielgruppe

Research

Autoren/Hrsg.

Shiozawa, Yoshinori

Nakajima, Yoshihiro

Matsui, Hiroyuki

Koyama, Yuhsuke

Taniguchi, Kazuhisa

Hashimoto, Fumihiko

Inhaltsverzeichnis

Practice.- How to Use the U-Mart Market Simulator.- How to Use the U-Mart System Network Edition.- Futures Market and U-Mart Experiment.- Application.- A Case of U-Mart Experiment by Human Agents.- Statistical Analysis of U-mart Experiments by Humans.- Possibility and Meaning of the U-Mart.