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A Report of U-Mart Experiments as an Educational Courseware

  • Kazuhisa Taniguchi
  • Yoshihiro Nakajima
  • Fumihiko Hashimoto
Conference paper
Part of the Agent-Based Social Systems book series (ABSS, volume 1)

Summary

This article reports results of a series of U-Mart experiments as an educational courseware. The participants in the experiments were 22 third year university students and 20 computer programmed software machine agents. This series of the experiments is the first test which was performed systematically by more than 20 human trader agents.

First, conditions of the experiments are explained; second, results of the series of the experiments are reported. Contents of the acquired results are as follows; settled profits, order volume, rate of contracted volume, volume of order, and position control. Though the obtained consequences may be definitive, they would enlighten tendencies and peculiarities of human conducts in financial market such as U-Mart system.

Key words

U-Mart Human trader Simulation Educational Courseware 

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Reference

  1. [1]
    H. Sato, H. Matsui, I. Ono, H. Kita, T. Terano, H. Deguchi, and Y. Shiozawa (2001): “U-Mart project: learning economic principles from the bottom by both human and software agents”, New frontiers in artificial intelligence. pp 121–131, Springer.Google Scholar

Copyright information

© Springer-Verlag Tokyo 2005

Authors and Affiliations

  • Kazuhisa Taniguchi
    • 1
  • Yoshihiro Nakajima
    • 2
  • Fumihiko Hashimoto
    • 2
  1. 1.Faculty of EconomicsKinki UniversityHigashiosaka, OsakaJapan
  2. 2.Graduate School of EconomicsOsaka City UniversityOsakaJapan

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