An Agent Market Model Using Evolutionary Game Theory
نویسندگان
چکیده
Stock price fluctuations result from interactions between economic agents. Modelling the financial world as a complex self-organizing system is thus natural. To keep tractability, obtain theoretical results and develop our intuition about complexity economics, we have constructed a very simple artificial stock market. Despite its necessary over-simplification, our model is rich enough to offer interesting results about limit behavior and suggests monetary policies. Our multi-agent model also exhibits real world features that more traditional financial models usually fail to explain or consider. ∗Address: 208 Love Building, Tallahassee FL 32306-4510. Phone: (850) 644-2202. Fax: (850) 644-4053. Email: [email protected] †The authors are grateful to Dr. Mike Mesterton-Gibbons and Dr. Paul M. Beaumont for their assistance.
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