Rutkauskas, Aleksandras Vytautas; Ramanauskas, Tomas - In: Journal of Business Economics and Management 10 (2009) 4, pp. 329-341
<title>Abstract</title> In this paper we propose an artificial stock market model based on interaction of heterogeneous agents whose forward‐looking behaviour is driven by the reinforcement‐learning algorithm combined with some evolutionary selection mechanism. We use the model for the analysis of market...