This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
R. Axelrod. The Complexity of Cooperation: Agent’s Based Models of Competition and Collaboration. Princeton University Press, 1997.
K. Boer, M. Polman, A. Bruin, and U. Kaymak. An agent-based framework for artificial stock markets. In 16th Belgian-Dutch Conference on Artificial Intelligence (BNAIC), 2004.
P. Bak, M. Paczuski, and M. Shubik. Price variations in a stock market with many agents. Physica A, 246:430–453, 1997.
A. N. Cappellini. Esperimenti so mercati finanziari con agenti naturali ed artificiali. Master’s thesis, Dipartimento di Scienze Economiche e Finanziarie, Facolta di Economca, Universita di Torino, Italy, 2003.
A. Cappellini. Avatar e simulazioni. Sistemi intelligenti, 1:45–58, 2005.
R. Cont and J.-P. Bouchaud. Herd behaviour and aggregate fluctuations in financial markets. Macroeconomic Dynamics, 4:170–196, 2000.
J. Duffy. Agent-based models and human subject experiments. Computational Economics 0412001, Economics Working Paper Archive at WUSTL, December 2004. available at http://ideas.repec.org/p/wpa/wuwpco/0412001.html.
I. Giardina and J.-P. Bouchaud. Bubbles, crashes and intermittency in agent based market models. The European Physical Journal B, 31:421–537, 2003.
B. I. Jacobs, K. N. Levy, and H. Markowitz. Financial market simulations. Journal of Portfolio Management, 30th Anniversary, 2004.
G. Kim and H. Markowitz. Investment rules, margin, and market volatility. Journal of Portfolio Management, 16(1):45–52, 1989.
D. Kahneman and A. Tversky. Prospect theory: An analysis of decision under risk. Econometrica, 47(2):263–292, 1979.
Y Liu, P. Gopikrishnan, P. Cizeau, M. Meyer, C. Peng, and H. E. Stanley. Statistical properties of the volatility of price fluctuations. Physical Review E, 60:1390–1400, 1999.
H. Levy, M. Levy, and S. Solomon. Microscopic Simulation of Financial Markets: From Investor Behavior to Market Phenomena. Berkeley, CA: Academic Press, 2000.
T. Lux and M. Marchesi. Scaling and criticality in a stochastic multi-agent model of a financial market. Nature, 397:498–500, 1999.
L. Muchnik and S. Solomon. Statistical mechanics of conventional traders may lead to non-conventional market behavior. Physica Scripta, T106:41–47, 2003.
L. Muchnik, F. Slanina, and S. Solomon. The interacting gaps model: reconciling theoretical and numerical approaches to limit-order models. Physica A, 330:232–239, 2003.
Lev Muchnik. Simulating emergence of complex collective dynamics in the stock markets. http://shum.huji.ac.il/-sorin/ccs/Lev-Thesis.pdf.
R. G. Palmer, W. B. Arthur, J. H. Holland, B. LeBaron, and P. Tayler. Artificial economic life: a simple model of a stock market. Physica D, 75:264–274, 1994.
M. Shatner, L. Muchnik, M. Leshno, and S. Solomon. A continuous time asynchronous model of the stock market; beyond the lls model. In Economic Dynamics from the Physics Point of View. Physikzentrum Bad Honnef, Germany, 2000.
G. J. Stigler. Public regulation of the securities market. Journal of Business, 37(2):117–142, 1964.
P. Terna. Sum: A surprising (un)realistic market-building a simple stock market structure with swarm. In Computing in Economics and Finance. Society for Computational Economics, 2000.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2006 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Daniel, G., Muchnik, L., Solomon, S. (2006). Traders Imprint Themselves by Adaptively Updating their Own Avatar. In: Beckmann, M., et al. Artificial Economics. Lecture Notes in Economics and Mathematical Systems, vol 564. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-28547-4_3
Download citation
DOI: https://doi.org/10.1007/3-540-28547-4_3
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-28578-6
Online ISBN: 978-3-540-28547-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)