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010   $a9786611108083
010   $a9781281108081
010   $a1281108081
010   $a9783540738794
010   $a3540738797
024 7 $a10.1007/978-3-540-73879-4
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035   $a(EBL)336981
035   $a(OCoLC)209988935
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035   $a(PQKBTitleCode)TC0000100301
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035   $a(DE-He213)978-3-540-73879-4
035   $a(Au-PeEL)EBL336981
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100   $a20071113d2008      uy         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aAgent-based modeling $ethe Santa Fe Institute artificial stock market model revisited /$fNorman Ehrentreich
205   $a1st ed. 2008.
210   $aBerlin ;$aNew York $cSpringer$dc2008
215   $a1 online resource (244 p.)
225 1 $aLecture notes in economics and mathematical systems,$x0075-8442 ;$v602
300   $aDescription based upon print version of record.
311 08$a9783540738787 
311 08$a3540738789 
320   $aIncludes bibliographical references (p. [195]-225) and index.
327   $aAgent-Based Modeling in Economics -- The Rationale for Agent-Based Modeling -- The Concept of Minimal Rationality -- Learning in Economics -- Replicating the Stylized Facts of Financial Markets -- The Santa Fe Institute Artificial Stock Market Model Revisited -- The Original Santa Fe Institute Artificial Stock Market -- A Suggested Modification to the SFI-ASM -- An Analysis of Wealth Levels -- Selection, Genetic Drift, and Technical Trading -- Summary and Future Research.
330   $aThis book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive.Its main contribution lies in the application of standard results from population genetics which have widely been neglected in the agent-based community. This has led to various misinterpretations of previous simulation results. The book is able to finally establish the 
410  0$aLecture notes in economics and mathematical systems ;$v602.
606   $aEquilibrium (Economics)$xEconometric models
606   $aEvolutionary economics
606   $aFinancial engineering
606   $aRational expectations (Economic theory)
615  0$aEquilibrium (Economics)$xEconometric models.
615  0$aEvolutionary economics.
615  0$aFinancial engineering.
615  0$aRational expectations (Economic theory)
676   $a330.1
700   $aEhrentreich$b Norman$01815371
712 02$aSanta Fe Institute (Santa Fe, N.M.)
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910957909903321
996   $aAgent-based modeling$94370285
997   $aUNINA