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Agent-based Modeling
Norman Ehrentreich
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Description for Agent-based Modeling
Paperback. 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), this work shows that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 248 pages, 39 black & white illustrations, 19 black & white tables, biography. BIC Classification: KCA; KCBM; KJT; UYQ. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 13. Weight in Grams: 359.
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.
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.
Product Details
Format
Paperback
Publication date
2007
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
248
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
232
Place of Publication
Berlin, Germany
ISBN
9783540738787
SKU
V9783540738787
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Agent-based Modeling
From the reviews: "The book under review is an important and careful study of some of the issues involved in the workings of the SFI stock market. … In my opinion, Ehrentreich’s book is an excellent reference to both the learning, and empirical literature in finance." (Krzysztof Piasecki, Zentralblatt MATH, Vol. 1141, 2008) ... Read more