Agent-Based Methods in Economics and Finance: Simulations in Swarm

✍ Scribed by Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone (eds.)

• Publisher: Springer US
• Year: 2002
• Tongue: English
• Leaves: 323
• Series: Advances in Computational Economics 17
• Edition: 1
• Category: Library

✦ Synopsis

This second book on financial and economic simulations in Swarm marks the continued progress by a group of researchers to incorporate agent-based computer models as an important tool within their disci­ pline. It is encouraging to see such a clear example of Swarm helping to foster a community of users who rely on the Swarm framework for their own analyses. Swarm aims at legitimizing agent-based computer models as a tool for the study of complex systems. A further goal is that a common base framework will lead to the growth of user communities in specific areas of application. By providing an organizing framework to guide the development of more problem-specific structures, and by dealing with a whole range of issues that affect their fundamental correctness and their ability to be developed and reused, Swarm has sought to make the use of agent-based models a legitimate tool of scientific investigation that also meets the practical needs of investigators within a community.

✦ Table of Contents

Front Matter....Pages i-xxxi
Front Matter....Pages 1-1
Prospect for an Economics Framework for Swarm....Pages 3-35
Front Matter....Pages 37-37
Automated Trading Experiments with Maml....Pages 39-61
VSB — Visual Swarm Builder — A Visual tool for Swarm Agent Based Environment....Pages 63-85
SWIEE — a Swarm Web Interface for Experimental Economics....Pages 87-107
Front Matter....Pages 109-109
Contagion of Financial Crises un- der Local and Global Networks....Pages 111-131
Simulating Fractal Financial Markets....Pages 133-155
Growing Theories from the “Bottom up”. A Simple Entry-Exit Model....Pages 157-186
Cognitive Agents Behaving in a Simple Stock Market Structure....Pages 187-227
Front Matter....Pages 229-229
Production Partnerships Formation with Heterogeneous Agents: a Simulation in SWARM....Pages 231-262
Casinoworld:An Agent-based Model with Heterogeneous Risk Preferences and Adaptive Behavior....Pages 263-281
Search in Artificial Labour Makets: A Simulation Study....Pages 283-304
Back Matter....Pages 305-306

✦ Subjects

Economic Theory; Finance/Investment/Banking