Agent-Based Modeling
Agent-Based Modeling: The Santa Fe Institute Artificial Stock Market Model Revisited (Lecture Notes in Economics and Mathematical Systems) by Norman Ehrentreich
English | 2 Jun. 2010 | ISBN: 3540738789 | 248 Pages | PDF | 3 MB
English | 2 Jun. 2010 | ISBN: 3540738789 | 248 Pages | PDF | 3 MB
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.