Agent-based modeling : the Santa Fe Institute artificial stock market model revisited /

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This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittes...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Ehrentreich, Norman
Autor Corporativo: Santa Fe Institute (Santa Fe, N.M.)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Berlin ; New York : Springer, ©2008.
Colección:Lecture notes in economics and mathematical systems ; 602.
Temas:
Evolutionary economics.
Rational expectations (Economic theory)
Equilibrium (Economics) > Econometric models.
Financial engineering.
Théorie de l'évolution économique.
Ingénierie financière.
BUSINESS & ECONOMICS > Economics > Theory.
Effecten.
Wiskundige modellen.
Science économique.
Affaires.
Economie de l'entreprise.
Equilibrium (Economics) > Econometric models
Evolutionary economics
Financial engineering
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Front Matter; Introduction; The Rationale for Agent-Based Modeling; The Concept of Minimal Rationality; Learning in Economics; Replicating the Stylized Facts of Financial Markets; The Original Santa Fe Institute Artificial Stock Market; A Suggested Modification to the SFI-ASM; An Analysis of Wealth Levels; Selection, Genetic Drift, and Technical Trading; Summary and Future Research; Appendix; Back Matter.

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