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Artificial Market Experiments with the U-Mart System

  • Yoshinori Shiozawa
  • Hiroyuki Matsui
  • Kazuhisa Taniguchi
  • Yoshihiro Nakajima
  • Yusuke Koyama
  • Fumihiko Hashimoto

Part of the Springer Series on Agent Based Social Systems book series (ABSS, volume 4)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Practice

  3. Application

  4. Back Matter
    Pages 133-161

About this book

Introduction

Economics went through great development in the 20th century. This development, which was based mainly on mathematical methods, is not an appropriate method of analyzing markets that change every hour and every day. In a stock market, prices constantly change depending on speculation. U-Mart, a manmade market, has been proposed in order to study such instantly moving markets. Although the U-Mart system is internationally acclaimed for being at the forefront of market research, its use is by no means limited to a small number of researchers on the fringe. The whole system, including its source code, is open and is distributed without charge, testifying to a philosophy of creating and providing a common test bed for research into financial markets.

Keywords

Artificial Market Courseware of Financial market Experimental Economics Futures Multi Agent Based Simulation Stock market calculus statistical analysis

Authors and affiliations

  • Yoshinori Shiozawa
    • 1
  • Hiroyuki Matsui
    • 1
  • Kazuhisa Taniguchi
    • 2
  • Yoshihiro Nakajima
    • 3
  • Yusuke Koyama
    • 4
  • Fumihiko Hashimoto
    • 3
  1. 1.Graduate School of ManagementKyoto UniversityKyotoJapan
  2. 2.Faculty of EconomicsKinki UniversityOsakaJapan
  3. 3.Graduate School of EconomicsOsaka City UniversityOsakaJapan
  4. 4.Department of Computational Intelligence and Systems ScienceTokyo Institute of TechnologyYokohamaJapan

Bibliographic information

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