ENGLISH

Artificial Market Experiments with the U-Mart System

By Yoshinori Shiozawa , Yoshihiro Nakajima , Hiroyuki Matsui , Yuhsuke Koyama , Kazuhisa Taniguchi , Fumihiko Hashimoto

Book information

Publisher
Springer
Year
2008
ISBN
443176822X, 9784431768227
Open Library ID
OL16908462M
Language
english
Format
PDF
Filesize
6 MB (6032327 bytes)
Series
Springer Series on Agent Based Social Systems
Edition
1
Pages
172\172
Topic
Economy Markets
Library
Kolxo3
Time added
2010-07-29 05:14:56

Description

Economics went through great development in the 20th century. This development, which was based mainly on mathematical methods, is not an appropriate method of analyzing markets that change every hour and every day. In a stock market, prices constantly change depending on speculation. U-Mart, a manmade market, has been proposed in order to study such instantly moving markets. Although the U-Mart system is internationally acclaimed for being at the forefront of market research, its use is by no means limited to a small number of researchers on the fringe. The whole system, including its source code, is open and is distributed without charge, testifying to a philosophy of creating and providing a common test bed for research into financial markets.

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