Coverart for item
The Resource Realistic simulation of financial markets : analyzing market behaviors by the third mode of science, Hajime Kita, Kazuhisa Taniguchi, Yoshihiro Nakajima, editors, (electronic book)

Realistic simulation of financial markets : analyzing market behaviors by the third mode of science, Hajime Kita, Kazuhisa Taniguchi, Yoshihiro Nakajima, editors, (electronic book)

Label
Realistic simulation of financial markets : analyzing market behaviors by the third mode of science
Title
Realistic simulation of financial markets
Title remainder
analyzing market behaviors by the third mode of science
Statement of responsibility
Hajime Kita, Kazuhisa Taniguchi, Yoshihiro Nakajima, editors
Contributor
Editor
Subject
Language
eng
Summary
This book takes up unique agent-based approaches to solving problems related to stock and their derivative markets. Toward this end, the authors have worked for more than 15 years on the development of an artificial market simulator called U-Mart for use as a research and educational tool. A noteworthy feature of the U-Mart simulator compared to other artificial market simulators is that U-Mart is an ultra-realistic artificial stock and their derivative market simulator. For example, it can simulate ĺlarrowhead,ĺl a next-generation trading system used in the Tokyo Stock Exchange and other major markets, as it takes into consideration the institutional design of the entire market. Another interesting feature of the U-Mart simulator is that it permits both human and computer programs to participate simultaneously as traders in the artificial market. In this book, first the details of U-Mart are explained, enabling readers to install and run the simulator on their computers for research and educational purposes. The simulator thus can be used for gaming simulation of the artificial market and even for users as agents to implement their own trading strategies for agent-based simulation (ABS).The book also presents selected research cases using the U-Mart simulator. Here, topics include automated acquisition of trading strategy using artificial intelligence techniques, evaluation of a market maker system to treat thin markets such as those for small and regional businesses, systemic risk analysis of the financial market considering institutional design of the market, and analysis of how humans behave and learn in gaming simulation. New perspectives on artificial market research are provided, and the power, potential, and challenge of ABS are discussed. As explained in this important work, ABS is considered to be an effective tool as the third approach of social science, an alternative to traditional literary and mathematical approaches
Member of
Cataloging source
YDX
Dewey number
332.60285
Index
no index present
LC call number
HG4515.5
LC item number
.R43 2016
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Kita, Hajime
  • Taniguchi, Kazuhisa
  • Nakajima, Yoshihiro
Series statement
Evolutionary economics and social complexity science
Series volume
volume 4
http://library.link/vocab/subjectName
Investments
Label
Realistic simulation of financial markets : analyzing market behaviors by the third mode of science, Hajime Kita, Kazuhisa Taniguchi, Yoshihiro Nakajima, editors, (electronic book)
Instantiates
Publication
Carrier category
online resource
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Part I U-Mart System: The first test bed of the Third Mode of Science -- 1 A Guided Tour of the Backside of Agent-Based Simulation -- 2 Research on ABS and Artificial Market -- 3 Building Artificial Markets for Evaluating Market Institutions and Trading Strategies -- 4 A Perspective on the Future of the Smallest Big Project in the World -- Part II Applications of Artificial Markets -- 5 Evolution of Day Trade Agent Strategy by means of Genetic Programming with Machine Learning -- 6 How to Estimate Market Maker Models in an Artificial Market -- 7 The Effect of Resilience in Optimal Execution with Artificial Market Approach -- 8 Observation of Trading Process, Exchange, and Market -- Index
Control code
SPR958448493
Dimensions
unknown
Extent
1 online resource (xv, 197 pages.)
Form of item
online
Isbn
9784431550563
Media category
computer
Media MARC source
rdamedia
Specific material designation
remote
Label
Realistic simulation of financial markets : analyzing market behaviors by the third mode of science, Hajime Kita, Kazuhisa Taniguchi, Yoshihiro Nakajima, editors, (electronic book)
Publication
Carrier category
online resource
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Part I U-Mart System: The first test bed of the Third Mode of Science -- 1 A Guided Tour of the Backside of Agent-Based Simulation -- 2 Research on ABS and Artificial Market -- 3 Building Artificial Markets for Evaluating Market Institutions and Trading Strategies -- 4 A Perspective on the Future of the Smallest Big Project in the World -- Part II Applications of Artificial Markets -- 5 Evolution of Day Trade Agent Strategy by means of Genetic Programming with Machine Learning -- 6 How to Estimate Market Maker Models in an Artificial Market -- 7 The Effect of Resilience in Optimal Execution with Artificial Market Approach -- 8 Observation of Trading Process, Exchange, and Market -- Index
Control code
SPR958448493
Dimensions
unknown
Extent
1 online resource (xv, 197 pages.)
Form of item
online
Isbn
9784431550563
Media category
computer
Media MARC source
rdamedia
Specific material designation
remote

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