An Agent-Based Approach to Artificial Stock Market Modeling
نویسندگان
چکیده
منابع مشابه
Modeling an Artificial Stock Market
This chapter presents an artificial stock market created to analyze market dynamics from the behavior of investors. It argues that information—delivered by financial intermediaries as rating agencies and considered as cognitive institution—directs the decisions of investors who are heterogeneous agents endowed with capabilities of learning in a changing environment. The objective is to demonstr...
متن کاملConfidence and the Stock Market: An Agent-Based Approach
Using a behavioral finance approach we study the impact of behavioral bias. We construct an artificial market consisting of fundamentalists and chartists to model the decision-making process of various agents. The agents differ in their strategies for evaluating stock prices, and exhibit differing memory lengths and confidence levels. When we increase the heterogeneity of the strategies used by...
متن کاملAn Artificial Stock Market
In this paper, we present a model that simulates the behaviour of a heterogenous collection of financial traders on a market. Each trader is modelled as an autonomous, interactive agent and the agregation of their behavior results in market behaviour. 1 We specifically look at the role of information arriving at the market and the influence of heterogeneity on market dynamics. The main conclusi...
متن کاملImplementing an Agent Based Artificial Stock Market Model in JADE – An Illustration
Agent-based approach to economic and financial analysis is a suitable research methodolgy for developing and understanding the complex patterns and phenomena that are observed in economic systems. In agent-based financial market models, prices can be endogenously formed by the system itself as the result of interaction of market participants. By using agents for the study, heterogeneous, bounde...
متن کاملModeling the High-Frequency FX Market: An Agent-Based Approach
The development of computational-intelligence based strategies for electronic markets has been the focus of intense research. In order to be able to design efficient and effective automated trading strategies, one first needs to understand the workings of the market, the strategies that traders use and their interactions as well as the patterns emerging as a result of these interactions. In thi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Procedia Computer Science
سال: 2020
ISSN: 1877-0509
DOI: 10.1016/j.procs.2020.02.280