Agent activation in a replication of the zero-intelligence trader double auction market simulation
Comer, Kenneth W. (George Mason University)
Loerch, Andrew (George Mason University)
Axtell, Robert (George Mason University)
| Fecha: |
2014 |
| Resumen: |
A model of a double auction market of zerointelligence traders was replicated as an agent-based model using the same market supply and demand curves. The original results were reproduced, and these results and other behavior of the model were examined under different schemes of agent activation, both exogenous and endogenous. While the qualitative differences were typically minor, there were statistically significant differences in all the measures of all the markets in the original research and important divergence in the extended evolution of the simulation. These differences have important implications for all follow-on replications of a zero-intelligence trading model, and for the replication process in general. |
| Derechos: |
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.  |
| Lengua: |
Anglès |
| Documento: |
Comunicació de congrés |
| Materia: |
Agent-based simulation ;
Activation ;
Updating ;
Model replication ;
Standardization ;
Market design ;
Zero-intelligence traders |
| Publicado en: |
Social Simulation Conference. Bellaterra, Cerdanyola del Vallés, 1a : 2014 |
Podeu consultar la compilació de les ponències presentades a Social Simulation Conference a: https://ddd.uab.cat/record/125597
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Registro creado el 2015-01-09, última modificación el 2024-05-25
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