English, Article, Journal or magazine article edition: An Explanation of Generic Behavior in an Evolving Financial Market Shareen Joshi; Mark A. Bedau

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/69527
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • An Explanation of Generic Behavior in an Evolving Financial Market
Author
  • Shareen Joshi
  • Mark A. Bedau
Physical Description
  • preprint
Notes
  • The Santa Fe Artificial Stock Market [13, 4] is an agent-based artificial model in which agents continually explore and develop expectational models, buy and sell assets based on the predictions of those models that perform best, and confirm or discard these models based on their performance over time. The purpose of this paper is to classify the different types of behavior that emerge in the market as a function of evolutionary learning rate, and to explain these emergent behaviors. We observe four different types of behavior, which are distinguished by their effects on the volatility of prices, the complexity of strategies, and the wealth earned by agents over time. We also show that the differences between these behaviors may be attributed to variations in the rate at which agents revise their trading rules and the subsequent types of rules---technical or fundamental---that emerge in the market. To appear in Proceedings of Complex Systems '98: Complexity Between the Ecos---from Ecology to Economics.
  • RePEc:wop:safire:98-12-114e
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment