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  • Search: subject:"evolutionary adaptive systems"
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Year of publication
Subject
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bounded rationality 1 evolutionary adaptive systems 1 heterogeneous agents 1 nonlinear dynamics 1
Type of publication
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Book / Working Paper 1
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Undetermined 1
Author
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Brock, W.A. 1 Hommes, C.H. 1 Wagener, F.O.O. 1
Institution
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Society for Computational Economics - SCE 1
Published in...
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Computing in Economics and Finance 2001 1
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RePEc 1
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Evolutionary dynamics in financial markets with many trader types
Brock, W.A.; Hommes, C.H.; Wagener, F.O.O. - Society for Computational Economics - SCE - 2001
This paper develops the notion of a Large Type Limit (LTL) describing the average behavior of adaptive evolutionary systems with many trader types. It is shown that generic and persistent features of adaptive evolutionary systems with many trader types are well described by the large type limit....
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