Financial market design by an agent-based model

By:

Mizuta, Takanobu

Contributor(s):

Yagi, Isao

Material type: Text

TextSeries: Evolutionary Economics and Social Complexity SciencePublication details: Springer Switzerland 2025Description: xiv, 237 pISBN:

9789819617128

Subject(s):

DDC classification:

332.1 MIZ

Summary: This is the first book to focus on designing a financial market that works well, and that includes making and/or modulating detailed regulations and/or rules, by a computer simulation of an agent-based artificial financial market model (ABAFMM). The design of a financial market is very important for the development and maintenance of an advanced economy, but designing it is not easy because changes in detailed rules, even those that seem trivial, sometimes have unexpectedly large impacts and side effects in a financial market, which is a complex system. Traditional economics cannot treat a financial market as a complex system in which micro–macro interaction and feedback loops have played essential roles, because traditional economics can only treat macrophenomena and micro processes separately. ABAFMM can do it, however. This book explains, first, why ABAFMMs are needed to design financial markets and which models have good features. Following that explanation, the book discusses how to build the models. Then, cases of recent studies and their contributions are shown, and finally, the difficulties of researchers in this field are considered. This book is expected to facilitate the design of more ABAFMMs to contribute to creating financial markets that will further develop and maintain advanced economies. (https://link.springer.com/book/10.1007/978-981-96-1713-5)

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	332.1 MIZ (Browse shelf(Opens below))	1	Available		008740

This is the first book to focus on designing a financial market that works well, and that includes making and/or modulating detailed regulations and/or rules, by a computer simulation of an agent-based artificial financial market model (ABAFMM). The design of a financial market is very important for the development and maintenance of an advanced economy, but designing it is not easy because changes in detailed rules, even those that seem trivial, sometimes have unexpectedly large impacts and side effects in a financial market, which is a complex system. Traditional economics cannot treat a financial market as a complex system in which micro–macro interaction and feedback loops have played essential roles, because traditional economics can only treat macrophenomena and micro processes separately. ABAFMM can do it, however.

This book explains, first, why ABAFMMs are needed to design financial markets and which models have good features. Following that explanation, the book discusses how to build the models. Then, cases of recent studies and their contributions are shown, and finally, the difficulties of researchers in this field are considered. This book is expected to facilitate the design of more ABAFMMs to contribute to creating financial markets that will further develop and maintain advanced economies.

(https://link.springer.com/book/10.1007/978-981-96-1713-5)

There are no comments on this title.

to post a comment.