Multi-Agent Simulation of Financial Markets

Olga Streltchenko (), Yelena Yesha () and Timothy Finin ()
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Olga Streltchenko: University of Maryland Baltimore County
Yelena Yesha: University of Maryland Baltimore County
Timothy Finin: University of Maryland Baltimore County

A chapter in Formal Modelling in Electronic Commerce, 2005, pp 393-419 from Springer

Abstract: Abstract This paper discusses the principal reasons for, and prospective opportunities of, simulating financial markets using an architecture based on artificial agents. The paper then discusses in detail the design and architecture of a simulator for financial markets. The Gaia methodology was employed in the development of MAFiMSi (Multi-Agent Finanacial Market Simulator), a general-purpose finacial market simulator of a dealer-type market. MAFiMSi is implemented as a library of C++ classes that currently support a stand-alone market simulation.

Keywords: Decision Support; Financial Market; Market Maker; Quotation System; Price Quote (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ihichp:978-3-540-26989-2_15

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DOI: 10.1007/3-540-26989-4_15

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