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A NASDAQ market simulation : insights on a major market from the science of complex adaptive systems /
This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This in...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hackensack, NJ :
World Scientific,
[2007]
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| Colección: | Complex systems and interdisciplinary science ;
v. 1. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Preface; Contents; 1. Foresight, Unpredictability and Strategies; 2. Market Dynamics
- Analytical Results; 3. Agent-Based Model and Simulation Results; 4. Spread Clustering; 5. Learning, Evolution and Tick Size Effects; 6. Calibration; 7. Phase Transitions in the Market; 8. Validation: After Decimalization and the Tick-Size Change; 9. Future Developments of the Model; Appendix A: The Agent-Based Model Software; Bibliography; Index