Artificial Economics: Agent-Based Methods in Finance, Game Theory and Their Applications (Lecture Notes in Economics and Mathematical Systems (564))

Agent-based Computational Economics (ACE) is a new discipline of economics, largely grounded on concepts like evolution, auto-organisation and emergence: it intensively uses computer simulations as well as artificial intelligence, mostly based on multi-agents systems. The purpose of this book is to give an up-to date view of the scientific production in the fields of Agent-based Computational Economics (mainly in Market Finance and Game Theory). Based on communications given at AE'2005 (Lille, USTL, France), this book offers a wide panorama of recent advances in ACE (both theoretical and methodological) that will interest academics as well as practitioners. Time Series Properties From An Artificial Stock Market With A Walrasian Auctioneer / Thomas Stumpert, Detlef Seese And Malte Sunderkotte -- Market Dynamics And Agents Behaviors : A Computational Approach / Julien Derveeuw -- Traders Imprint Themselves By Adaptively Updating Their Own Avatar / Gilles Daniel, Lev Muchnik And Sorin Solomon -- Learning In Continuous Double Auction Market / Marta Posada, Cesareo Hernandez And Adolfo Lopez-paredes -- Firms Adaptation In Dynamic Economic Systems / Lilia Rejeb And Zahia Guessoum -- Firm Size Dynamics In A Cournot Computational Model / Francesco Saraceno And Jason Barr -- Emergence Of A Self-organized Dynamic Fishery Sector : Application To Simulation Of The Small-scale Fresh Fish Supply Chain In Senegal / Jean Le Fur -- Multi-agent Model Of Trust In A Human Game / Catholijn M. Jonker, Sebastiaan Meijer, Dmytro Tykhonov And Tim Verwaart -- A Counterexample For The Bullwhip Effect In Supply Chain / Toshiji Kawagoe And Shihomi Wada -- Collective Efficiency In Two-sided Matching / Tomoko Fuku, Akira Namatame And Taisei Kaizouji -- Complex Dynamics, Financial Fragility And Stylized Facts / Domenico Delli Gatti, Edoardo Gaffeo, Mauro Gallegati, Gianfranco Giulioni, Alan Kirman, Antonio Palestrini And Alberto Russo -- Noisy Trading In The Large Market Limit / Mikhail Anufriev And Giulio Bottazzi -- Emergence In Multi-agent Systems : Cognitive Hierarchy, Detection, And Complexity Reduction Part I : Methodological Issues / Jean-louis Dessalles And Denis Phan -- The Implications Of Case-based Reasoning In Strategic Contexts / Luis R. Izquierdo And Nicholas M. Gotts -- A Model Of Myerson-nash Equilibria In Networks / Paolo Pin -- Stock Price Dynamics In Artificial Multi-agent Stock Markets / A. O. I. Hoffman, S. A. Delre, J. H. Von Eije And W. Jager -- Market Failure Caused By Quality Uncertainty / Segismundo S. Izquierdo, Luis R. Izquierdo, Jose M. Galan And Cesareo Hernandez -- Learning And The Price Dynamics Of A Double-auction Financial Market With Portfolio Traders / Andrea Consiglio, Valerio Lacagnina And Annalisa Russino -- How Do The Differences Among Order Distributions Affect The Rate Of Investment Returns And The Contract Rate / Shingo Yamamoto, Shihomi Wada And Toshiji Kawagoe. Philippe Mathieu, Bruno Beaufils, Olivier Brandouy (eds.). Includes Bibliographical References. Aims to give a view of the scientific production in the fields of Agent-based Computational Economics, mainly in Market Finance and Game Theory. Based on communications given at AE'2005 (Lille, USTL, France), this book offers a panorama of advances in ACE, both theoretical and methodological that is of interest academics as well as practitioners