| Presentation | 1998/1/23 A Method of Stock Market Simulation in Economics Toshiaki AKINAGA, Tomomi TAKASHINA, |
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| PDF Download Page | PDF download Page Link |
| Abstract(in Japanese) | (See Japanese page) |
| Abstract(in English) | An artificial stock market is a virtual stock exchange in a computer, which consists of autonomous agents. This market records high transaction volume and often shows bubbles and crashes, if we choose appropriate parameter values. Both phenomena are salient features in a real stock market. However a standard economic model based on an efficient market, which consists of homogeneous agents who have rational expectation, is awkward about these phenomena. We argue the method of simulation, which is only a newcomer in economics, in a methodological context. We also report our own simulation result to confirm the report by the Santa Fe Institute. |
| Keyword(in Japanese) | (See Japanese page) |
| Keyword(in English) | complex system / stock market simulation / bounded rationality / efficient market / rational expectation / mutiagent system |
| Paper # | AI97-71 |
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| Conference Information | |
| Committee | AI |
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| Conference Date | 1998/1/23(1days) |
| Place (in Japanese) | (See Japanese page) |
| Place (in English) | |
| Topics (in Japanese) | (See Japanese page) |
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| Paper Information | |
| Registration To | Artificial Intelligence and Knowledge-Based Processing (AI) |
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| Language | JPN |
| Title (in Japanese) | (See Japanese page) |
| Sub Title (in Japanese) | (See Japanese page) |
| Title (in English) | A Method of Stock Market Simulation in Economics |
| Sub Title (in English) | |
| Keyword(1) | complex system |
| Keyword(2) | stock market simulation |
| Keyword(3) | bounded rationality |
| Keyword(4) | efficient market |
| Keyword(5) | rational expectation |
| Keyword(6) | mutiagent system |
| 1st Author's Name | Toshiaki AKINAGA |
| 1st Author's Affiliation | Research Assistant of Keio University, Department of Economics:Graduate School of Economics, Keio University() |
| 2nd Author's Name | Tomomi TAKASHINA |
| 2nd Author's Affiliation | JSPS Research Fellow:Graduate School of Electro-Communications, The University of Electro-Communications |
| Date | 1998/1/23 |
| Paper # | AI97-71 |
| Volume (vol) | vol.97 |
| Number (no) | 499 |
| Page | pp.pp.- |
| #Pages | 8 |
| Date of Issue | |