Modeling a Decentralized Asset Market: An Introduction to the Financial "Toy-Room"

In this paper, we describe a micro-founded simulation enviroment for decentralized trade in financial asset. Within the philosophy of computer simulated "artificial markets", this enviroments allows one to experiment in a modular fashion with (i) individual characterizations in terms of behaviors and learning, (ii) different architectural and institutional traits of the market, and (iii) time-embedding of events at the system and the individual level.

MoreLess

Year of publication:	1999-11-12
Authors:	Chiaromonte, Francesca ; Dosi, Giovanni
Institutions:	Laboratory of Economics and Management (LEM), Scuola Superiore Sant'Anna

More details

Extent:	application/pdf
Series:	LEM Papers Series.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005481630