Formal Modeling in Electronic Commerce: Representation, Inference, and Strategic Interaction
Multi-agent simulation of financial markets
December 1, 2004
This paper discusses the principal reasons for, and prospective opportunities of, simulating financial markets using an architecture based on artificial agents. The paper then discusses in detail the design and architecture of a simulator for financial markets. The Gaia methodology was employed in the development of MAFiMSi (Multi-Agent Financial Market Simulator), a general-purpose financial market simulator of a dealer-type market. MAFiMSi is implemented as a library of C++ classes that currently support a stand-alone market simulation.
Steven O. Kimbrough and D. J. Wu
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