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Complexity and Artificial Markets Klaus Schredelseker

Complexity and Artificial Markets By Klaus Schredelseker

Complexity and Artificial Markets by Klaus Schredelseker


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Summary

In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics.

Complexity and Artificial Markets Summary

Complexity and Artificial Markets by Klaus Schredelseker

In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.

Table of Contents

Part I Market Mechanisms: Zero-Intelligence Trading Without Resampling by Marco LiCalzi and Paolo Pellizzari.- Understanding the Price Dynamics of a Real Market Using Simulations: the Dutch Auction of the Pescara Wholesale Fish Market by Gianfranco Giulioni and Edgardo Bucciarelli.- Market Behavior under Zero-Intelligence Trading and Price Awareness by Lucia Milone.- Part II Evolution and Decision Making: Evolutionary Switching between Forecasting Heuristics: an Explanation of an Asset-Pricing Experiment by Mikhail Anufriev and Cars Hommes.- Prospect Theory Behavioral Assumptions in an Artificial Financial Economy by Marco Raberto, Andrea Teglio, and Silvano Cincotti.- Computing the Evolution of Walrasian Behaviour by Gonzalo Fernandez-de-Cordoba and Alvaro P. Navas.- Multidimensional evolving opinion for sustainable consumption decision by Sabine Garabedian.- Part III Information Economics: Local Interaction, Incomplete Information and Properties of Asset Prices by Richard Hule and Jochen Lawrenz.- Long-term Orientation in Trade by Gert Jan Hofstede, Catholijn M. Jonker, and Tim Verwaart.- Agent-based experimental economics in signaling games by Adolfo Lopez-Paredes, Marta Posada, Cesareo Hernandez, and Javier Pajares.- Part IV Methodological Issues: Why do we need Ontology for Agent-Based Models by Pierre Livet, Denis Phan, and Lena Sanders.- Production and Finance in EURACE by Sander van der Hoog, Christophe Deissenberg, and Herbert Dawid.- Serious Games for Economists by Wilbert Grevers and Anne van der Veen.- Computational Evolution by Peter A. Henning.

Additional information

NLS9783540705536
9783540705536
3540705538
Complexity and Artificial Markets by Klaus Schredelseker
New
Paperback
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
2008-08-28
234
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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