A Futures Market Simulation with Non-rational Participants
نویسنده
چکیده
This paper describes a set of experiments performed with an artiicial futures market simulation. The non-rational market participants, which evolve simple strategies using genetic algorithms, compete against each other to make proots by buying and selling futures contracts. The dynamic and equilibrium behavior of the participants is studied under a variety of conditions. The results suggest that in simple markets with non-homogenous participants opportunities for making consistent proots over extended periods of time exist.
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