Discrete Double Auctions with Artificial Adaptive Agents PDF Download
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Author: Deddy Koesrindartoto
Publisher:
ISBN:
Category :
Languages : en
Pages : 65
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Book Description
Author: Deddy Koesrindartoto
Publisher:
ISBN:
Category :
Languages : en
Pages : 65
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Book Description
Author: Aleksandra Alorić
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
When a population of agents divides into subgroups, and subsequently interactions happen between largely fixed subgroups, we regard the population as segregated. The segregated state might confer benefits, e.g. a buyer who has a strong preference for a particular seller has shorter exploration time when buying. As it might also add vulnerability to a system, understanding how segregation emerges is essential. To investigate whether the segregation can arise spontaneously, as a consequence of repeated interaction and co-adaptation among the agents, a stylised model of double auction markets and traders is developed and investigated. We show that in a system with two discrete-time double auctions and a large population of adaptive traders a collaborative segregated state emerges. When the typical scale of market returns become higher than some threshold, the preferred state of the system is segregated: both buyers and sellers are segmented into subgroups that are persistently loyal to one market over another. The segregated state is stabilised by some agents acting cooperatively to enable trade and provides higher rewards than its unsegregated counterpart both for individual traders and the population as a whole. Realising that the agent's adaptation is the key promoter of the segregation, we investigate the robustness of our findings in continuous double auctions with sophisticated trading strategies - adaptive agents still prefer to segregate. Accordingly, to create informed regulations e.g. in large financial systems, we believe it is necessary to investigate benefits and risks that segregation brings and consequently how to promote or suppress it.
Author: James Andreoni
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 26
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Book Description
Author: Clemens van Dinther
Publisher: Springer Science & Business Media
ISBN: 3764381132
Category : Computers
Languages : en
Pages : 245
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Book Description
This is one of the first books on the use of software agents to simulate bidding behavior in electronic auctions. It introduces market theory and computational economics together, and gives an overview on the most common and up-to-date agent-based simulation methods. The book will help the reader learn more about simulations in economics in general and common agent-based methods and tools in particular.
Author: Steffen Rebennack
Publisher: Springer Science & Business Media
ISBN: 3642126863
Category : Mathematics
Languages : en
Pages : 504
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Book Description
Energy is one of the world`s most challenging problems, and power systems are an important aspect of energy related issues. This handbook contains state-of-the-art contributions on power systems modeling and optimization. The book is separated into two volumes with six sections, which cover the most important areas of energy systems. The first volume covers the topics operations planning and expansion planning while the second volume focuses on transmission and distribution modeling, forecasting in energy, energy auctions and markets, as well as risk management. The contributions are authored by recognized specialists in their fields and consist in either state-of-the-art reviews or examinations of state-of-the-art developments. The articles are not purely theoretical, but instead also discuss specific applications in power systems.
Author: Adamatti, Diana Francisca
Publisher: IGI Global
ISBN: 1466659556
Category : Computers
Languages : en
Pages : 402
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Book Description
Social simulation can be a difficult discipline to encompass fully. There are many methods, models, directions, and theories that can be discussed and applied to various social sciences. Anthropology, sociology, political science, economy, government, and management can all benefit from social simulation. Interdisciplinary Applications of Agent-Based Social Simulation and Modeling aims to bring a different perspective to this interdisciplinary topic. This book presents current discussions and new insights on social simulation as a whole, focusing on its dangers, pitfalls, deceits, and challenges. This book is an essential reference for researchers in this field, professionals using social simulation, and even students studying this discipline.
Author: Anke Weidlich
Publisher: Springer Science & Business Media
ISBN: 3790820687
Category : Technology & Engineering
Languages : en
Pages : 181
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Book Description
Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirements of an environmentally sustainable, economically efficient, and secure energy supply have resulted in the emergence of several interrelated markets that have to be carefully engineered in order to ensure efficient market outcomes. This book presents an agent-based simulation model that facilitates electricity market research. Simulation outcomes from this model are validated against price data from German power markets. The results significantly contribute to existing research in agent-based simulation and electricity market modeling, and provide insights into the impact of the market structure and market design on electricity prices. The book addresses researchers, lecturers and students who are interested in applying agent-based simulation to power markets. It provides a thorough discussion of the methodology and helpful details for model implementation.
Author: Gottfried Haber
Publisher: BoD – Books on Demand
ISBN: 3735780342
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
The relatively new scientific field of economic agent-based systems is a promising, but yet not completely developed area of economics, at the frontier to business administration, computer sciences, and the social sciences. This book follows a rather interdisciplinary approach while maintaining a focus on the economic dimension of agent-based models. In contrast to other literature in this field, this book aims at developing a framework for modelling an economic system in the sense of a total model of the economy. The design and implementation of the agent-based framework AS1 are described in detail. Some sample applications, such as an analysis of the effects of the presence of different research institutes providing alternative inconsistent forecasts for the private agents, provide an overview of the strengths of an agent-based economic model. This 2nd edition is a reprint of the original Edition (from 2006).
Author: Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 0387736530
Category : Business & Economics
Languages : en
Pages : 281
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Book Description
Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes. They review schemes implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies resulting from the new policy framework.
Author: Leigh Tesfatsion
Publisher: Elsevier
ISBN: 0080459870
Category : Business & Economics
Languages : en
Pages : 905
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Book Description
The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys
