Agent-Based Modeling
The Santa Fe Institute Artificial Stock Market Model Revisited
Contenu
<P>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 fittest trading rules will survive. Its main contribution lies in the application of standard results from population genetics which have widely been neglected in the agent-based community.</P>
Informations bibliographiques
octobre 2007, 232 Pages, Lecture Notes in Economics and Mathematical Systems, Anglais
SPRINGER
9783540738794