Development and testing of an artificial stock market
نویسندگان
چکیده
In this paper, an artificial financial market based on heterogeneous agents is presented. The proposed market is composed of traders with limited amount of cash, one traded asset and a centralized mechanism, the market maker, matching buy and sell orders. The price formation process is given by the intersection of the demand and the supply curve. The artificial financial market has been implemented using advanced software engineering techniques, in particular extreme programming and object oriented technology. The resulting system is a ∗To whom correspondence should be addressed. Email: [email protected]
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تاریخ انتشار 2000