Download Agent-Based Methods in Economics and Finance: Simulations in by Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone PDF

By Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone (eds.)

ISBN-10: 146135238X

ISBN-13: 9781461352389

ISBN-10: 1461507855

ISBN-13: 9781461507857

This moment ebook on monetary and financial simulations in Swarm marks the ongoing growth by means of a gaggle of researchers to include agent-based laptop types as a massive instrument inside of their disci­ pline. it really is encouraging to work out the sort of transparent instance of Swarm assisting to foster a neighborhood of clients who depend upon the Swarm framework for his or her personal analyses. Swarm goals at legitimizing agent-based desktop versions as a device for the learn of advanced structures. one more target is universal base framework will result in the expansion of person groups in particular parts of program. by way of delivering an organizing framework to lead the advance of extra problem-specific buildings, and by way of facing a complete variety of concerns that impact their basic correctness and their skill to be built and reused, Swarm has sought to make using agent-based types a sound instrument of clinical research that still meets the sensible wishes of investigators inside a community.

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Additional info for Agent-Based Methods in Economics and Finance: Simulations in Swarm

Example text

The framework must include a collection of taxonomies and typologies, within which each individual element is provided with similar interfaces so that they are easily exchangeable. Unfortunately, seven years later we still do not have such a system. Lane's perception of an artificial economy is, furthermore, not what we intend to suggest with the economics framework for Swarm, since Lane hopes for a model based on real world data. Our suggested framework does not contain any real world data 5 .

The framework defines a number of superclasses; Agent, Population, Environment, and the user of the framework lets his own classes inherit from these super-classes. In the Evo framework one may find a structure similar to Terna's division into RuleMaster and RuleMaker, although in this case it is a little more complex than in Terna's example. An Agent in the Evo framework has the following general characteristics: instructions; actions that the agent can perform. senses; the methods the agent can use to learn about its environment.

The model has three main classes; a trader class, a marketMaker and a marketStatistician. In his code, Jares operates with a number of different trader types, but they are reduced to a fundamental trader and a noise trader in the final simulations. Besides these main classes, Jares operates with a number of classes of an auxiliary nature; a shareRequest is used for communicating asset demand from trader to marketMaker, and a Clearinglnfo class is used by the marketMaker for storing information about asset demand.

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Agent-Based Methods in Economics and Finance: Simulations in Swarm by Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone (eds.)

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