Artificial Economics: Agent-Based Methods in Finance, Game by Thomas Stümpert, Detlef Seese, Malte Sunderkötter (auth.),

By Thomas Stümpert, Detlef Seese, Malte Sunderkötter (auth.), M. Beckmann, H. P. Künzi, Prof. Dr. G. Fandel, Prof. Dr. W. Trockel, A. Basile, A. Drexl, H. Dawid, K. Inderfurth, W. Kürsten, U. Schittko, Prof. Philippe Mathieu, Dr. Bruno Beaufils, Prof. Olivie

Agent-based Computational Economics (ACE) is a brand new self-discipline of economics, principally grounded on suggestions like evolution, auto-organisation and emergence: it intensively makes use of computing device simulations in addition to synthetic intelligence, regularly in line with multi-agents platforms. the aim of this e-book is to offer an up-to date view of the clinical construction within the fields of Agent-based Computational Economics (mainly in industry Finance and video game Theory). according to communications given at AE'2005 (Lille, USTL, France), this ebook bargains a large landscape of contemporary advances in ACE (both theoretical and methodological) that would curiosity teachers in addition to practitioners.

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Neural Network based trader and evolutionary trader. Practitioners clearly outmarked themselves by their ability to think out of the box, the creativity of their strategies, their high analysis power and ability to quickly understand what was going on and spot opportunities to arbitrage other participants' strategies. We also observed the emergence of cooperation between participants to hunt for the leader, trying to bring down the winning strategy by copying and modifying it or even custom-designing new strategies for this specific purpose.

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