EconPapers    
Economics at your fingertips  
 

A NASDAQ Market Simulation:Insights on a Major Market from the Science of Complex Adaptive Systems

Vince Darley and Alexander Outkin
Additional contact information
Vince Darley: President & CEO of Eurobios, UK

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This includes both a presentation of the conceptual model and its software implementation. It also summarises the result of the profound research on the successful practical application of this new approach to answer questions regarding the NASDAQ Stock Market's decimalization that was implemented in 2001.

Keywords: Financial Markets; Agent-Based Modeling; Complexity; Dynamics; Emergent Behaviors; Simulation; Phase Transitions; Strategy (search for similar items in EconPapers)
JEL-codes: C61 C63 E22 G24 (search for similar items in EconPapers)
Date: 2007
ISBN: 9789812700018
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.worldscientific.com/worldscibooks/10.1142/6217 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wsbook:6217

Ordering information: This item can be ordered from

Access Statistics for this book

More books in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.
Series data maintained by Tai Tone Lim ().

 
Page updated 2017-12-09
Handle: RePEc:wsi:wsbook:6217