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2006 | OriginalPaper | Chapter

40. Agent-based models of financial markets

Author : Nicholas S. P. Tay

Published in: Encyclopedia of Finance

Publisher: Springer US

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Abstract

This paper introduces the agent-based modeling methodology and points out the strengths of this method over traditional analytical methods of neoclassical economics. In addition, the various design issues that will be encountered in the design of an agent-based financial market are discussed.

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Title: Agent-based models of financial markets
Author: Nicholas S. P. Tay
Publisher: Springer US
Book: Encyclopedia of Finance
Print ISBN: 978-0-387-26284-0

Electronic ISBN: 978-0-387-26336-6

Copyright Year: 2006
DOI: https://doi.org/10.1007/978-0-387-26336-6_66