1999/02 | LEM Working Paper Series | |
![]() | ||
Modeling a Decentralized Asset Market: An Introduction to the Financial "Toy-Room" | ||
Chiaromonte F. and G. Dosi | ||
Abstract | ||
![]() | ![]() | |
In this paper, we describe a micro-founded simulation enviroment for decentralized trade in financial asset. Within the philosophy of computer simulated "artificial markets", this enviroments allows one to experiment in a modular fashion with (i) individual characterizations in terms of behaviors and learning, (ii) different architectural and institutional traits of the market, and (iii) time-embedding of events at the system and the individual level. | ||
Remarks | ||
![]() | ![]() | |
Previous versions appeared as IIASA Interim Reports [IIASA, Laxemburg, Austria] | ||
Downloads | ||
![]() | ![]() | |
| ||
![]() | ||
![]() |